Sunday, August 04, 2019 9:26:05 AM
Management would have been fools to have not raised that capital.
You nor I can predict the future. I wake this morning to find another White Nationalist terror attack and Iran seizing another oil tanker.
There are protests in Moscow, and Hong Kong and a new leader in the UK willing to break off from Europe with no economic deal in place.
These types of things "could" at any moment cause a global calamity.
There is no assurance of anything. Ever.
This does not even touch the odds of us receiving a CRL. I put them at 1/1000...
A big part of a CEO's job is to ask "what if".
What if the FDA asks for a 2 year trial on another placebo? What if that happens while simultaneously one of any of the events above spins out of control?
JT has appropriately insured us against these and many other things I could sit and list, while simultaneously lining us up to go big at launch. That's the fact. I hate the PPS too. I hate Goldman Sachs and the folks getting the deal too.
But I can quote Buffett as well. On the financial crisis he compared it to being in a boat with the guy you think caused a hole and your taking on water. Do you kick him out of the boat or help him start bailing? If you let your emotion lead,,, you sink.
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