Biotech Values

[zipjet]

>>With respect to how well management is communicating -- practically speaking, managements communication has failed (thus far) -- the stock price is proof of that.

Communication inherently has two sides.

It is natural, even automatic (think sales resistance) for those listening to discount the statements more as the seller gets more enthusiastic.

Some executives are known for being candid and are trusted. Chuck Knight used to be the best example. Jamie Dimon comes to mind for a current example.

For MNTA, a series of executives have been telling the story for many years with little to show for it, and nothing at the bottom line. So for those listening to be discounting the statements heavily is natural and expected. Not much Wheeler can do about this except continue to tell the story in a careful even understated way. The bottom line will soon be fixed if sole holds.

The insiders could stop regular stock sales and exercise options and hold. That would be a positive signal.

ij