Biotech Values

[AlpineBV_Miller]

How can they not know this? Since it is self evident do you mean they are just failing to understand some technical detail?

You'd have to ask them. In my experience with this, maybe one in 100 has ever even contemplated it. Maybe 20% get it immediately, another 20-30% get it after about 20-30 minutes, and the rest either simply can't figure it out or refuse to believe me because they assume the SEC would have regulations against something that potentially damaging to corporate governance.

The latter percentage is much lower among regulators, with the difference going to the 20-30 minute group.

And don't get me started on trying to explain this to journalists... I'm well below the Mendoza line on that group.