Mediwound Ltd (MDWD)

[Leonard McKinley]

I think that Mediwound has made a fairly stupid move in partnering for US distribution. It is a fairly clear sign that the company intends to more or less "Go it alone" in marketing its product, by essentially sub-contracting distribution. This is stupid because it is sub-optimal and very expensive for shareholders. What the management should have done was to sell the company outright to a major player. Now, they have contaminated any interest a major player might have by having signed up a US distributor. This behavior is a sign of a self interested management of the company. The management is more interested in perpetuating their paycheck than in doing what is best for shareholders.
That is why the stock is down sharply today. In earlier communications it "seemed" that management was negotiating the sale of the company. That was deceptive and misleading. This is bad management.