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Monday, March 13, 2023 4:41:59 PM
Avoiding the NYAS debacle should have been the easiest thing any biotech CEO could possibly negotiate.
1) PR the date of the results release and what LL would be talking about WELL in advance. A month prior. That dampens the price volatility in the week leading up to NYAS and allows a more stable base to form.
2) Update the CT.gov website with the new endpoints in advance of the presentation to allow short attacks to form -leading up to- the event, not in response to the event. Again, generates stability.
3) DO NOT FREAKING ALLOW THE FIRST RESULTS SLIDE OF THE PRESENTATION TO SAY "FAILED TO MEET PRIMARY ENDPOINT". I mean give me a holy hell got damn break. Absolutely pathetic to let this happen. Bullet point 3 is the primary, secondary, and tertiary reasons for the massive stock price drop.
To whiff so epically on all three of those is a level of incompetence reserved for a very special percentage of CEO's in the country. It is really hard to be that bad at your job.
As a result of that she has had to dilute and finance with no market value and wreck shareholder value for the past year. She's terrible.
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