(Total Views: 492)
Posted On: 10/15/2019 9:36:13 PM
Post# of 154897
Damn, he really went all in today. Thought it was one of his better organized presentations.
His new bold statements:
1. My six weeks still has two weeks to run. See if I hit that milestone.
2. I'm (most likely) putting my mother-in-law on leronlimab (who has cancer). I will report on that. Frequently.
3. I'm reporting on the two TNBC patients even if there is only one in the true trial.
New info:
1. They did some modification to the TNBC eligibility. Recently approved. Should make it easier to get patients.
2. He is turning down low-ball offers, specifically those calling to 2-3x warrant coverage.
If I mis-stated the above, please offer corrections.
My opinion: He is playing a very high stakes game of chicken. I'm not overly confident he will succeed, but I'm hanging in there. The risk is clear (100% loss). The upside is way up there!
I really wish he could find the middle. Take some chips off the table and somehow stabilize (de-risk) the investment. If he could move this stock to $1, many could sell a portion and let the rest ride as pure upside. Accept a smaller upside. Doesn't seem to be in his DNA! He might be missing the most important principles in business: Cash is King, and The Golden Rule
His new bold statements:
1. My six weeks still has two weeks to run. See if I hit that milestone.
2. I'm (most likely) putting my mother-in-law on leronlimab (who has cancer). I will report on that. Frequently.
3. I'm reporting on the two TNBC patients even if there is only one in the true trial.
New info:
1. They did some modification to the TNBC eligibility. Recently approved. Should make it easier to get patients.
2. He is turning down low-ball offers, specifically those calling to 2-3x warrant coverage.
If I mis-stated the above, please offer corrections.
My opinion: He is playing a very high stakes game of chicken. I'm not overly confident he will succeed, but I'm hanging in there. The risk is clear (100% loss). The upside is way up there!
I really wish he could find the middle. Take some chips off the table and somehow stabilize (de-risk) the investment. If he could move this stock to $1, many could sell a portion and let the rest ride as pure upside. Accept a smaller upside. Doesn't seem to be in his DNA! He might be missing the most important principles in business: Cash is King, and The Golden Rule
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