Some people live in denial despite overwhelming evidence that contradicts their entrenched beliefs. They’re so “invested” in their beliefs that they can’t go back. It takes a mature person to admit that maybe they were wrong, or to at least admit that investors’ concerns need to be addressed.
Missling’s credibility was already in the toilet before CTAD. The CTAD debacle only reinforced existing doubts as to his honesty. If Missling only received the data a day before CTAD, which I doubt, he should have issued a PR saying that and that Anavex was still doing the data analysis and was not ready to present any data at CTAD. I think shareholders would have respected that and the debacle would have been avoided.
Missling has been around the block before with shorts. He should have known he was walking into a trap of his own making. Does he ever learn? Apparently not!
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