I spoke with Jeff yesterday. I honestly felt
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(Total Views: 608)
Posted On: 05/10/2017 12:27:43 PM
I spoke with Jeff yesterday.
I honestly felt like I got the run around. Didn't ask or hint for insider information but even he commented that he had requested leadership to clarify their business plan. As for the 10k being confusing... it seemed dismissed as language barriers and lawyers. (Frankly I don't give a damn... there are many companies who produce quality documents who have language and resource barriers. I work in the corporate pharma and health insurance business... thats no excuse). We had a conversation about transitioning to FDA trials and the financial burden placed on a company to do so. In discussing protecting market cap and image of OWCP he seem to think and I guess rightfully so there were many ways of financing these needs. He also mentioned the idea of a buyout. (i didn't bring it up) as a preference which I feel lines up with OWCP change of direction recently but I also don't like the abrupt unannounced change in the business plan)
I wasn't put at ease from the conversation. I should also note I have not sold a share... yet... but taking daily losses has made me start considering an exit strategy and dealing with the emotions behind substantial losses.
If the company was to provide transparency in there 10Q about their path forward, the hurdles they face, and when they think they can make revenue predictions if they don't feel they can yet that would encourage at least myself to stay and see where it goes.
Not bashing at all... but their is a saying and I don't think OWCP get its... "what got us here won't get us there"? Makes me sick to be down 200k when the big boy companies I left to come here are up nearly 20% since departing.
I honestly felt like I got the run around. Didn't ask or hint for insider information but even he commented that he had requested leadership to clarify their business plan. As for the 10k being confusing... it seemed dismissed as language barriers and lawyers. (Frankly I don't give a damn... there are many companies who produce quality documents who have language and resource barriers. I work in the corporate pharma and health insurance business... thats no excuse). We had a conversation about transitioning to FDA trials and the financial burden placed on a company to do so. In discussing protecting market cap and image of OWCP he seem to think and I guess rightfully so there were many ways of financing these needs. He also mentioned the idea of a buyout. (i didn't bring it up) as a preference which I feel lines up with OWCP change of direction recently but I also don't like the abrupt unannounced change in the business plan)
I wasn't put at ease from the conversation. I should also note I have not sold a share... yet... but taking daily losses has made me start considering an exit strategy and dealing with the emotions behind substantial losses.
If the company was to provide transparency in there 10Q about their path forward, the hurdles they face, and when they think they can make revenue predictions if they don't feel they can yet that would encourage at least myself to stay and see where it goes.
Not bashing at all... but their is a saying and I don't think OWCP get its... "what got us here won't get us there"? Makes me sick to be down 200k when the big boy companies I left to come here are up nearly 20% since departing.
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