Biotech Values

[10nisman]

I admit, I dumped 12% of my holdings when it was around $18, but that doesn’t t make me very happy about today’s action.

Investing is all about buying low and selling high. You sold shares at $18, and you can buyback the shares today at a significant lower price. Unless you've soured significantly on the long-term prospects of RVNC, why wouldn't you buyback your shares?

I don’t care how many presentations they’ll make at future investors conferences. They failed the short term, “Show me the money,” litmus test

Huh??? I don't understand what you're trying to say. There hasn't been any material change in guidance (IMO), they have listened to the marketplace and are making real-time strategy changes. The launch was never going to be super simple / easy to grab significant share and strategy changes were going to be needed along the way. What more were you expecting? You were also showed the money back in January.

One hopes they have enough cash on hand to carry through with future operations, as now would be a terrible time to do a secondary offering.

Did you listen to today's call? Management reconfirmed they have enough cash to get to breakeven / positive EBITDA, so no offering is needed anytime soon.