No doubt the "scarce resources" contributed to our
Post# of 154119
(Total Views: 347)
Posted On: 02/07/2020 10:02:51 AM
Re: Bored Lawyer #17346
No doubt the "scarce resources" contributed to our lack of progress. If we had the right team in place, this would have likely been done. Biting the bullet and paying Amarex to get us over the line is still the right thing to do 4 months later.
The "scarce resources" issue is what really bothered me about the call yesterday- much more than the BLA delay. I was already hyped up about the "performance incentives" passed out earlier this week, and the failure to deliver good financing this week has been a setback unless you have your head buried way below the sand. We're only a couple of weeks removed from the "18 term sheet" claim, and we had to raise money on poor terms, again. We need money. You didn't deliver on terms favorable to shareholders because the claim from a few weeks ago wasn't reliable. Then the board follows it up with the theft of millions of shares/dollars from investors- from all of us.
It's a credibility thing with Nader. You can't deadlines and claim you have non-dilutive financing for the 20th time and then expect me to believe you have a Coronavirus deal. That's bunk.
The "scarce resources" issue is what really bothered me about the call yesterday- much more than the BLA delay. I was already hyped up about the "performance incentives" passed out earlier this week, and the failure to deliver good financing this week has been a setback unless you have your head buried way below the sand. We're only a couple of weeks removed from the "18 term sheet" claim, and we had to raise money on poor terms, again. We need money. You didn't deliver on terms favorable to shareholders because the claim from a few weeks ago wasn't reliable. Then the board follows it up with the theft of millions of shares/dollars from investors- from all of us.
It's a credibility thing with Nader. You can't deadlines and claim you have non-dilutive financing for the 20th time and then expect me to believe you have a Coronavirus deal. That's bunk.
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