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Re: iwasadiver post# 253158

Sunday, 11/24/2019 9:15:25 PM

Sunday, November 24, 2019 9:15:25 PM

Post# of 700658
Sorry, I disagree. LG and LP have skads of experience. They do not need a minor league investment banker employee hire. I have no problem with hires so long as they are appropriate. I would have no issue with the hiring of a CFO with experience in M&A, etc. But an investment banker hire? Nah, don't think so. I have run small companies requiring outside funding, M&A, etc. and the last thing my BOD would agree to is hiring an investment banking employee and for that matter an IR guy like DI.

In any event, management is still blind. They don't know what the results are. They have let this trial go on and on for good reasons. There have been concerns with whether the primary/secondary endpoints have been met. They have come up with a telephone book sized SAP to hopefully cover all the bases but they don't know at this point. While I believe hiring any investment banker employee is inappropriate, especially given LP/LG experience and the greater need for a CFO, it is at the very least pre-mature at this juncture. The only smart hire thus far was Dr. Duffy. JMHO.
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