Replies to post #10002 on Arch Therapeutics Inc (ARTH)

[blackngold63]

I still think this is great technology.
Just you have to be the first cab off the rack.
They screwed up external....bigtime.

In order for a start-up Company to be successful.
You need two things.......

One - A great product. And....
Two - Great management.

Unfortunately we found out the hard way that TN should have never left
the Minor Leagues.

Throw a fastball at him right down the middle of the plate and maybe
he can hit it.

Throw him a curve or screwball and he is a deer in the headlights.
Striking out on three pitches.

The guy was a money manager. He picked stocks.
A completely different skill then building a Company up from Ground Zero.

Unfortunately he is the starting quarterback - first backup......
and third stringer all in one. There is no one else. A new CFO..or..this or that.?
All that is.....is re-arranging deck chairs on the Titanic.

TN needs to lay out a Plan. People may not agree with it.
But just having the Company become a sponge doing nothing but
sucking up oxygen and/or money........Wow.

And I almost invested directly in the company 3 1/2 years ago.
That seems like a lifetime ago now.
Yet we are at the same exact spot now then we were then.