Hi Msowid,
I am neither loosing faith nor am I loosing my positivity for the company nor on life in general. I can actually say that - nontheless the share price has been plunging - life is good.
The intention of my post was not meant to be overly negative. I was just trying to give some constructive criticism. In an attempt to offer some of my views as to what GNBT needs to improve in terms of communication to us shareholders. I think Joe typically does a great job in answering questions during CCs, even though sometimes he seems to be aoiding to answer certain questions. I personally have exchanged emails and called Todd Falls, and I do think that he is a nice guy, but when it comes to writing PRs I am very often not really satisfied with the content of these messages to shareholders, as they very often (most of the time?) are missing the most important details, very often the important facts and numbers.
So this has absolutely nothing to do with me being impatient or not understanding that all the developments that Joe and his team have already started or are still having in their pipeline. I own GNBT shares for more than a decade, so another 6 months or so do not at all matter to me anymore. I will surely have that much patience left.
What I was trying to point out is that they should make more out of the news that they have and delivering more of what we, their loyal shareholders, would like or even need to hear in order to maintain the faith in the positive outcome for the company and thus our return on investment.
Now that I am already at it, another thing that I would like to add to my constructive criticism. Those predictions that I hear from Joe in CC or read in PRs should become more reliable in my view. I am a project manager, and when my boss is asking me when I am expecting for a certain milestone in my project will be reached, I typically have a certain date in mind as well that I communicate to my team internally, but when I am asked officially, I typically add a buffer of a couple of days or weeks into that prediction. Reason is that it much better to give a conservative estimate and then positively surprise people than promising something for a certain date and then having to come up with an excuse as to why it did not work out exactly that way. So my direct advice to Joe and his team here is, to give up the overly optimistic approach to announcing predicted due dates. As the promised S1 filing to be done by the end of the next week, and then AGAIN not delivering according to this prediction. I would rather like to hear, a larger time frame, e.g. latest by Dec.13th (that means at max. 2 weeks time) and then have it delivered on the 10th, than expecting it to be delivered on the 6th, and it is finally published on the 12th.
So, again, as a project manager, I know well enough that a lot of things can go wrong, in particular in the last days before an important due date. but allow for a little bit of buffer and give yourself the chance to positively surprise people, instead of causing unnecessary additional frustration and people loosing faith in your leadership, Joe, just because you keep missing your own set target dates. That is all I am asking for.
I am neither loosing faith nor am I loosing my positivity for the company nor on life in general. I can actually say that - nontheless the share price has been plunging - life is good.
The intention of my post was not meant to be overly negative. I was just trying to give some constructive criticism. In an attempt to offer some of my views as to what GNBT needs to improve in terms of communication to us shareholders. I think Joe typically does a great job in answering questions during CCs, even though sometimes he seems to be aoiding to answer certain questions. I personally have exchanged emails and called Todd Falls, and I do think that he is a nice guy, but when it comes to writing PRs I am very often not really satisfied with the content of these messages to shareholders, as they very often (most of the time?) are missing the most important details, very often the important facts and numbers.
So this has absolutely nothing to do with me being impatient or not understanding that all the developments that Joe and his team have already started or are still having in their pipeline. I own GNBT shares for more than a decade, so another 6 months or so do not at all matter to me anymore. I will surely have that much patience left.
What I was trying to point out is that they should make more out of the news that they have and delivering more of what we, their loyal shareholders, would like or even need to hear in order to maintain the faith in the positive outcome for the company and thus our return on investment.
Now that I am already at it, another thing that I would like to add to my constructive criticism. Those predictions that I hear from Joe in CC or read in PRs should become more reliable in my view. I am a project manager, and when my boss is asking me when I am expecting for a certain milestone in my project will be reached, I typically have a certain date in mind as well that I communicate to my team internally, but when I am asked officially, I typically add a buffer of a couple of days or weeks into that prediction. Reason is that it much better to give a conservative estimate and then positively surprise people than promising something for a certain date and then having to come up with an excuse as to why it did not work out exactly that way. So my direct advice to Joe and his team here is, to give up the overly optimistic approach to announcing predicted due dates. As the promised S1 filing to be done by the end of the next week, and then AGAIN not delivering according to this prediction. I would rather like to hear, a larger time frame, e.g. latest by Dec.13th (that means at max. 2 weeks time) and then have it delivered on the 10th, than expecting it to be delivered on the 6th, and it is finally published on the 12th.
So, again, as a project manager, I know well enough that a lot of things can go wrong, in particular in the last days before an important due date. but allow for a little bit of buffer and give yourself the chance to positively surprise people, instead of causing unnecessary additional frustration and people loosing faith in your leadership, Joe, just because you keep missing your own set target dates. That is all I am asking for.
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