I agree that Cox's credibility is at stake here promising an announcement in the next few weeks. I think the deal will get done unless our potential partner smells blood in the water and comes back with a much lower offer. Hopefully, it won't come to that but again, hindsight being what it is, it would be nice to be bargaining from a position of strength as opposed to severe weakness.
Worst case scenario (as Cox alluded to) is shutting down most of the company and focusing on near term revenue generators until the company can bring the Atryn programs closer to completion. I hope that doesn't happen.
Anyway, I have been through something similar with a stock that Dew once owned, TMTA. (Dew was smart and bailed while I got sucked back in by the siren song of management's promises.) Anyway, TMTA was floundering in the chip business, cut back its staff to focus solely on IP and ultimately the stock did a 1 for 10 reverse split ultimately selling at the bottom for something like 25 cents a share. However, they had sued Intel and recently reached a $250 million settlement which basically saved the company and allows, in my opinion, them the time to execute on their IP strategy if they aren't bought first.
Anyway, what I'm trying to say is that, in a perfect world, the science or technology SHOULD win in the end. I think we all agree we've got the science, that this company is a benefit to humanity and that, in the end, the Goats will inherit the earth.
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