Disappointing webcast, IMHO.
Dr. Levitt speaks too fast, mumbles too much, uses too much technical jargon for a lay audience, and is generally unpersuasive in these kinds of forums. For the most part, I have no trouble following what Levitt is talking about, but that’s only because I have already done my DD and I could almost write the webcast script. I think most investors without prior exposure to GENR would have a tough time absorbing all of the information in Levitt’s presentation.
I think Levitt should talk a little less about GENR’s science and more about the economics of GENR’s programs. He mentioned that wet AMD is a large market, but he did not say how large, leaving it to listeners to try to ascertain whether “large” means hundreds of millions of dollars per year or billions of dollars per year. This was in investor audience, and investors like to hear numbers with dollar signs in front of them!
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
