In practical terms, the open letter is as good as ignored. If there is any response by management, they will say something like......"gee, thanks for the letter. We are as frustrated as you are and would like to open our presents too. We will give due consideration to your letter and respond as soon as we can. In the meantime, stay tuned". After all this time of stone walling, what else do you expect them to say?
Contacting the regulators and filing a complaint will meet with the same fate, essentially, "stay tuned." Form letter response just like the IRS. Good luck with that.
Investors had their chance last year at the ASM. No friction. Pretty much a love-in and this year won't be any different. LP holds all the cards and essentially, this is her company. Retail and other investors are along for the ride. Practically speaking, their bleating is absolutely futile. SEC? Slap on the wrist. Court cases? All dismissed. FDA? Probably had its hands dirty on the screen halt and is being protected. You can be sure their action will take a ginormous amount of time. By that time I bet we will have seen TLD. Complaint mooted. These are your tax dollars at work.
Look, if you don't like it vote against it by selling your shares. In a heated argument with Les, that is what he told me.
The only thing that matters is top line. We will get it, and I think it can be safely guaranteed, sometime in 2020. If TLD is not stellar, LP, LG and company are off to the Caymans. My bet is that TLD will be stellar. That is why I am holding. I do hope for a buy-out sooner rather than later. I don't think NWBO management is up to the task of commercialisation in terms of management skills and resources. Even on stellar results, I don't think the PPS will rocket, but I do think we could get a MC of $1~2 Billion. JMHO.
