FDA aproval, FDA approval, FDA approval????
That is the foremost important question, and now I have realized after more than 6 years it should have been the deciding factor in committing all that money to this company.
You can't have significant revenue without the FDA approving the product to sell. This should have been Dr Moro's number goal. This is a kin to being the builder and the owner is backed by investors to several beautiful buildings standing tall in desired areas of commercial real estate that are sitting there empty because there, because there are no permits to open the doors. They are built and ready to go, the hard work is done, but the builder for whatever reason is reluctant or stubborn or thinks it is too difficult to follow protocol or he does want to pay the city for the permits, so even though there are potential tenants willing to sign a lease, the buildings that could be generating revenue are worthless, and soon the builder will be forced in bankruptcy. The builder continues to build more buildings while those that could be generating revenue sit idle, so not only is he unwilling to get the permits, but he continues spending to build more. To add to his expenses he spending his last dime on advertising the building that no one can rent with an advertising agency that says nothing positive, but highlights all the negatives, and says if you want to rent we really can't recommend the place, but here is what is wrong with the building.
Do you finally see what I see? Do you get it? Dr Moro you have NOTHING unless you have an approved product. Potential doesn't put money in the bank. I am very successful in business, and I thought by you having a seasoned biotech executive to you help run the company would be the answer, but he seems MIA, and has just become another expense unless he is working on something I don't know about.
You are running out of money, so instead of squandering it, spend it wisely on the FDA approval, and then EVERYTHING will fall into place. Mark my words, you will have a successful product, and you will feel vindicated and respected by your shareholders. That is the only thing that will save this company. Good luck.
