HL,
As a frustrated investor in IMGN for many more year than NWBO has even been in business I've seen much the same thing there. Investors always believe we should get more information, we also think that many things are material that companies don't view as material events. We've certainly seen that companies show little, or no concern with current stock price.
I don't believe that they're not concerned with the current price, but rather they're looking at how to change it positively over the very long term, and they leave the current situation alone. Frankly when they do anything substantial in effecting the daily price they often get in trouble with the regulators, namely the SEC. Both the SEC and FDA abhor hype, and they're the ones who determine if something companies say is facts, that rightfully should be released, and hype that they shouldn't. Out of fear, I believe many things that might be perfectly proper releases aren't released for fear they'll be viewed as hype.
Many years ago the CEO of IMGN clearly identified himself on posts in Silicon Investor, he was putting out nothing that was truly proprietary information, and I really don't believe that he was hyping the stock in any way, but the SEC viewed what he was doing as wrong, and I understand he was heavily fined for his actions. Back then he also would take phone calls from investors and on more than one occasion he'd chew us out for not properly understanding what the company was doing. Thing is, after being chewed out by the CEO you came away from the conversation more positive about what they were doing. It's taken decades, but I believe they'll make big gains by their November 28th PDUFA date and I'll finally be rewarded for holding IMGN for all these decades. In all that time they've been through several different CEO's, only the first one routinely took calls and posted on the net.
I believe that LP has looked at the actions of many companies over the years and learned from how they do business. I understand she's had some issues to deal with, but all and all I think she's done a masterful job in negotiating the minefield this trial represented. In the end we'll be well rewarded by her efforts even if many of us have questions about why she's done what she did. All that really matters is where we are in the end.
Of course the end is really a different place for each of us, if your goal is $5, you may be at your end well before I will be. I can't say any specific number is my end, I'd be thrilled with $20, but it won't be my end if at that time I believe $50 is in the cards, and $50 won't be the end if I like the probability of $100, but I'll be happy with L.P. when I do see $5 and beyond.
Gary
