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Tuesday, May 17, 2011 10:44:48 AM
It's been nearly 8 months since the NSE and the hiring of the first consulting group to help Dean get his head on straight.
8 MONTHS!
Even the most inept CEO in America does more than come up with a strategy for submission in that amount of time.
Dean has finally been humbled to the point of LISTENING to his advisors. This is a good thing. Cases in point: he is not mentioning timelines in his announcements anymore, he has abandoned his ego site on Facebook, MWE gave him the boot after he used their name to pump the stock, he is not touting where he is in his three phase approach. All things that are frustrating to us as investors, but good things in the longer term as it would appear HE IS FINALLY PLAYING BY THE FDA RULES.
He did say he was preparing for the meeting with the FDA. Good. But did not say when. Even better. He is finally learning. Even went to so far as to say that he wasn't sure if he was the best "front man" for IMGG.
No, its more than wishful thinking. I believe he is much closer to meeting with the FDA than anyone thinks and he is fnally keeping his mouth shut about it. Imagine what would happen if he bragged about setting a meeting with the FDA to shareholders and then the meeting didn't go well. Then he would have to announce another setback - which would be devastating.
Better to say nothing, meet with the FDA, and, provided things go well, then announce that the meeting went well and that they are now working on gathering the final images for submission.
I think it is more than reasonable to speculate that all or most of this could have been completed over the last eight months.
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