I have been very critical of management in the past, particularly wrt transparency. I once asked LG specifically about silence concerning the reason for the halt after it had been lifted. He responded rather generically that things are not that simple and that there are very good reasons. End of discussion. I have considered the following about management since it has been there where I have had my doubts. I think the science is solid and compelling and I believe TLD will confirm this. I have less doubts where the science is concerned.
1. Linda and Les are not stupid people. Like all of us, they have made mistakes but even then I believe their choices were well thought out. Without being in their shoes and knowing what they know, I have suspended judgement and if the trial is successful, that is all that matters now.
2. It is possible that this is a scam. However, the probability of it being so is nil. Les has said that working on this is a "labor of love" and that there are many easier ways to make money. He could have continued at Skadan Arps or gone on his own. He could have retired by now and he has made a lot of money over the years to fund a wonderful retirement life. Why go through the trouble of scamming to make money and expose yourself to criminality at his stage in life? Ditto for Linda. Their financial position at their current stage in life is more than enough. So it is not just about the money but a much grander vision--engendering a new paradigm in how disease is treated, indeed, a sea change in medical history worthy of a Nobel Prize. Recognition for a lasting legacy that has helped mankind the latter of which is their fundamental motivation for this undertaking. This is what gives meaning and purpose to their lives. That is what Les told me in so many words.
3. Insofar as an investment is concerned, I believe that Linda and Les' interests pretty much align with those of other share holders. If things are successful we all win. Les and Linda did not go into this to scalp relative pennies. With their resources and alternative opportunities, going the NWBO route is just not worth it if that were their only motivation.
4. Where LP/LG may differ from the alignment with other share holders is in the timing/communication.
They have only one chance to get it right. So, they are going to take their sweet time to make sure, and doubly so, that all the Is are dotted and Ts crossed. They don't care about the bleating of frustrated share holders. They have bigger things to think about and in that context don't give a sh*t about the other share holders. We are along for their ride, period. It is ridiculous, at least to me, that it can even be suggested that the trial will never be unblinded. I am 100% confident that it will be but when they decide and the h*ll with everyone else. it is also more prudent, at this point, to continue silence and reveal TLD when they believe the timing is right. Why risk any comments that may irritate the RAs? The only really meaningful break in silence is the announcement of TLD. That is the safest route and not be exposed or otherwise be stuck with defending any lesser "news". At this point. I trust Linda and Les to get it right and get us over the goal line.
I just hope that we get top line before the expiry of the warrants in April, 2020. Just my two cents.
