That's pretty much what I'd expect him to say. Talking about a key, trial enrollment and progress/potential lack of progress is about as "material" as it gets. I'd guess he's gotta tread real lightly there. If he's saying wait for 10-K, that pretty much tells me he doesn't have a whole lot of "major" news to give on it yet- or they'd put it out in a PR. As in, lets say they finished total enrollment- I'd think that is about as "PR worthy" an item as you can release, but they can't release it until it's true of course. So he's telling you he can't speak on a major, material event like a trial via private communication and doesn't expect anything on it till the 10-K info. Makes perfect sense to me. So, guess it's wait and see time. The other theories/opinion on "medical tourism" as a potential revenue source (several posts from different people) - I can buy all that as reasonable arguments.
I think they're in a tough spot, so my opinion is don't sugar coat it or overblow it. Cash is tight- I think everyone would say that's a given. But are they trying to "work the problem" from all angles and maybe pull the magic rabbit out of the hat? Yes. If you and I ran a biz and we were say, focused on "Widget Making Inc", but were in a tough econ times or whatever and tight on cash- and we realized that we had the people or facility to make some good, cash money by shifting over at least for a time to "Happy services XYZ" would we do it? I think so. Nothing in biz is cast in stone- as in biz plans, long range plans get revised/updated all the time as times and econ challenges arise, etc. So maybe this is "the new plan" for now and they're working it to see what it can do- while the trial(s) are still there, but cash is the big driver and they have to find out how to get more of it. All reasonable theories/possibilities to me and makes sense.
Does it all work out in the end? If anyone has a brand/model number of a crystal ball that works, guaranteed- send me info cause I want to buy one ASAP and get filthy wealthy. Remember "Back to the Future" with Micheal J. Fox where he finds the Sports Score Statistic book- from the future, well the past really- and realized he can bet and win every time as he now knows the outcome and score of every game before he even bets? Man, what I'd pay to have that, eh?
