Howard - he has been fleecing shareholders for years, IMO. He doesn't give updates on outstanding share counts and has diluted shareholders into pennies (or less) on the dollar equity stake from when they originally invested. Even now, WEHI obviously has plans to dilute even more, since they just raised the share authorization 50% to 15 billion shares.
you wrote: "You make a mistake holding him to a time line"
Tell that to anyone that bought shares anytime in the past, only to see him dump billion of dilutive shares, do reverse splits, then continue to dilute billions of dilutive shares, then do another reverse split and repeat the dilution.
Pagnano would be fired at a real reorting company with a real BOD, IMO.