Just FYI, as a general rule, this will be my last reply to you.
So, well let's see, Dror and Eyal did manage to bring in potentially billions of dollars worth of revenue by getting Elfabrio to the finish line. That is no easy feat. If you were in his shoes, would you not expect the same? Ps no need to answer that as per my first sentence here.
They are not desperate for funds, they are pivoting onto new things now that the product has been approved in USA and EU and essentially been handed to Chiesi to sell and with revenues already coming in from product sales (Giacomo Chiesi stated that Elfabrio product was already in the USA which means Chiesi has paid for that), and with the 20M milestone and with royalties to come soon. We know Elfabrio is listed already on almost all the biggest USA insurance companies and is moving through the EU, today we just got Italy confirmation too.
So no need to rest on your laurels, now time to reinvest current cash and new cash into new assets and grow the company in new ways. Sitting around while cash builds up is a nice thing to see in our bank account but it doesn't do anything for you. A new asset(s) will.
If management had not done what they had done in the past, PLX most likely would not exist today at all. I am confident of Elfabrio sales and that the company with Chiesi is going in increase SP nicely.
Note: After GMDA's FDA approval the company convened a special meeting of shareholders specifically to increase the A/S by 50% from 150 million to 225 million and no-one said a peep, in fact people said how great this was as GMDA could make some great deals afterwards, and praised the company and the CEO for being "so good" and "a rock star". Oh yeah and that was after doing a horrendous dilution of 20million shares (+17million warrants) when the OS was at about 80 million, thus a dilution of 25% of the OS. And the vote won with 26million For VS 3 million Against.
Oh yeah and the stock was trading higher for the next month.
Oh yeah and this massive dilution only gets them to "into 2024" as they don't yet have a partner. And more dilution if they don't have a partner inked in the next 3 months. Oh yeah and GMDA stated in their Q1 Earnings PR that the increase A/S was for the partnering as they need a partner and to pay of debt and raise money for operations hence plenty of dilution coming there. Again even moreso if no partner in the next 3-4 months. Oh and their product is only available in the USA.
Meanwhile PLX, Elfabrio is available in USA and EU simultaneously, they have a great partner in Chiesi, they already have cash to 2Q2025, already 1 more year than GMDA not including any new revenues and they want to improve the assets in the company given the high confidence in continued monies coming in. Well shock horror, what a terrible job they've done! So PLX wants to increase the A/S by 27% from 144 million to 184 million, (which is far less than what GMDA did in team of both level of increase and final A/S total), and the world caves in and people start asking for the CEO and CFO to get the chop, that they are greedy and selfish, "dirty pigs" etc and other same ridiculous things people say.
Management has waded through some very tough times and we are still here. The A/S increase is hardly too much nor untoward as evidenced above.
If you don't trust management then you shouldn't be invested in the company, it's just that simple.
Good luck on all future endeavours.
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