MAGA, good follow-up and you like me have been here a long time, well before the merger, and we have watched L2 literally 6.5 hrs a day, 5 days a week!....lol
1) Once the LOI came out with intent to merge back in September 2020, there were a lot of naysayers/doubt that it would ever happen. Pretty much anything Charles said would happen, getting pink current, merging etc, happened and pretty much on time. I know for a fact that Charles & Co were not ready for the onslaught of investors/fans/notoriety. I think they were completely caught off guard with this, and soon after Dr Chandra took over as the face of the co, with social media and all the Hicks interviews. I think his last Twitter post beforehand was like in March 2020, so he himself was not really on Twitter much at all before this merger. Well, social media we know can be a brutal place, places like Twitter, IHUB, and Stocktwits are not for the feint of heart by any means. Did he pump in his own way with hashtags and such! Absolutely! But everything he said was true to the best of his knowledge at the time. He's problem was he started taking the attacks personally, and naturally you would want to defend yourself and company. But missed timelines/deadlines, along with a rapidly declining sp, compounded the problem for him. Let's face it, at the end of the day it's all about the mighty dollar for a overwhelming amount of people, which is natural and why you are in the market.
As far as the audit, I guess the chose the route of updates via the quarterlies and PR's. They must have had thousands of emails, hence the reason they made the decision to hire Tom Nelson. Another thing Charles I think realized early on, and the stock took a major hit, was that Emerging Growth Conference. What happened leading up to that and the destruction of sp the next few days, was breathtaking. It was extremely hyped/pumped for no reason, as we all knew there wasn't going to be anything shares we didn't already know, but the sp as soon as Charles started to talk was tanking almost immediately. The interviewer was terrible, and the aftermath was not pretty. So I just think that Charles understands things to the pt that if they did something before and it turned out badly, they would not repeat the same mistake twice. So I'm with you on the second launch of IPF, I didn't think we would hear or see anything except to find out one day you could start ordering it and a subsequent pr.
The mm is tough to deal with but all part of the OTC and the game. When there is liquidity and major retail interest, you are less affected. Yes, a majority of retail has been turned off with OTC, delays, macro environment, etc. So right now we are in a weather the storm mode and trying to find where are ultimate bottom is. I do believe Charles & Dr C that all milestones will eventually be achieved. Not saying they will all be successful, but I do believe they will achieve to get done what they set out to do.
With Samsung, these companies received IND approval with 30 days of application, and generally speaking you don't hear any updates regarding the IND until it comes out. I mean I guess we could hear that we applied when the time comes, but I'm not expecting it.
