Thursday, April 08, 2021 1:28:41 PM
People outside the industry think that there’s a conspiracy against small companies and I can assure you as a smaller company regulated by multiple federal agencies including the FDA it’s just not the case. While I wish approval for products took less time and cost less money the process and guidance documents are the same across the board.
The company has failed to meet the requirements for approval in two separate studies through no fault but their own. Unfortunately it’s not an accident it’s a trend and is reflective of an inexperienced management team and CEO.
Like many I invested more money than I should have in this company over seven years ago and have continued to acquire sense because I am an ardent supporter of the chemistry. Yesterday‘s conference call illustrated the chaos and lack of structure of the organization And needs to be addressed immediately by the Board of Directors.
I would like to acquire even more shares at a better price than the current price if that means taking advantage of the chaos than so be it. I’m inquiring from those that trade and do technical analysis where they believe the share price will bottom out. I know many here take it personal when people like Grip it and sip it offer their opinion but the fact is he has been here a long time and he has his finger on the pulse of the company and its price movement. I like to hear an array of opinions to help shape my own.
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