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Wednesday, October 28, 2020 2:35:04 PM
What happens to the share price if the hold is lifted in March 2021? Will we be trading at hundredths of a penny by then? How many shares will be outstanding at that time? Who will be CEO?
My opinion is that the hold needs to be lifted in 2020 or KW must resign. I do not know this man. We spoke once for 20 minutes. I don't want to bash him personally or call him names or question his motivation.
However, if this company is to be saved I think new leadership is needed or there will be no confidence by those who have supported this company for so long. KW owns a lot of shares. He would become uber wealthy if this succeeds. If the tech has potential then getting this to trial should be his motivation.
I will probably buy my tax wash sale shares back at a lower price. My cost basis will be stupid low. Unless i feel the wind is blowing in the wrong direction I will do this. I think that if this drags on too long then new leadership will give the company new juice.
If the tech has real potential then this seems like a great opportunity for the right person, preferably an executive from a successful biotech. If no-one steps up to take this opportunity I think that speaks volumes about this company. The end game is near either way.
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