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Friday, October 26, 2018 1:00:08 PM
My in depth research into upper management and board showing zero biotech experience and little experience period, an absolute necessity in this complex field, helped change my mind. . The promotion of the accountant to co-ceo. The purge of talent we brought over from Elbit Vision Systems we got. Textile industry to biotech...great call. Zami, if he was such a great visionary, would have hired experienced professionals from the industry to all the top positions. Not get the head of Human Resources from Elbit as well.
I will admit, it was my first venture into this space. I bought the saving of the young girl on her deathbed “miracle”. And this space was in its infancy. I just happened to pick a dud.
But I have and will continue to gamble on hopes and potential via cheap, leveraged options. So far I can’t even pull a pair of 2’s. But I will continue until something miraculous occurs like a buyout or a major stockpiling agreement is attained, or the lights go out for good. At 52 week lows in the year of the shareholder, sadly the latter inches closer each quarter.
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