I don't think there is $ to be made with that plan and neither does Mr. Market. We are getting absolutely hammered here daily because of this!
The raise @17 is beginning to make a lot more sense. The pps was ~ 20 when they announced it in Jan and you know the buyers were telling the company, "I need a major discount from where it is considering what your needs are going to be in the coming years... or I will lose big". And the next raise will be the same song, and the next, and the next....
So it comes down to how Browne decides to run the company.
Will he sacrifice share price over next several years but advance the broader pipe, or maximize share price in the short term by focusing on cosmetics and say, a single P3 for dystonia to prove POC as Dewophile suggested? And then resume large, more expansive trials across all indications after the company grows profitable.
So far it seems he is hellbent on the former.
Recent RVNC News
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