Execution. We were just a .005 stocks years ago with only
Execution. We were just a .005 stocks years ago with only MANF. He did not have much to go on and didn't start on a position of strength years ago with very little money. Over the years they acquired Eltrop, ESS, advanced MANF into orphan status, and got a whole DX division that will hopefully soon be generating revenue. Literally for a .005 company that had $30k in the bank 4 years ago. Also don't forget the management, BOD, BOA, and doctors/scientists they got from big firms to back their products.
They spent the years to get these products over here the last few years and now everyone is about to jump ship. Bio tech start ups are made from dilution until there is a successful product. I know Gerald has overpromised and his timelines were off. But for execution he did his job to diversify with good products so one day he can get MANF to the market. I don't blame Gerald for getting mad at his shareholders. In retrospect we/the market determine how much the company is worth.
Everyone wants to flip to increase their share position, take profit with the smallest amount of gains in hopes to buy back cheaper. I'm sure over the years if EVERY SINGLE investor held over the years and not tried flipping for pennies then the stock would be much higher.
He made something great literally out of nothing and in my opinion shareholders in a sense is ruining managements long term vision.
Look, shareholders didn't even care enough to vote so they had to push the shm/up list back a month. Not all things are in management hands. We as shareholders have to look in the mirror and take a little blame even though management has had its missteps.
Has every trade you ever made been 100% perfectly timed? I don't think so or everyone will be rich if their timing was always perfect.
I think a little less blaming and looking in the mirror is required from a lot of people.
Just my opinion with what I see everybody playing the blame game.
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