Hey rjs,
well, then we actually are of opposite opinions.
You wrote that "And no one heard anything taking several more weeks..." and that this is only my own interpretation.
Hmmm, if I read the post from skipper, where he quotes a message from
Joe, that
Quote:
"The results were received. Now they need to be certified by COVANCE, Elispot, Univ. of San Diego, CTL, then a statistical analysis has to be performed.
Further reviews are then needed by:
Advisory board;
Head of FDA pediatrics;
NIH;
DOD (me I’m not sure about this one)"
With all that listed it is not far fetched to assume that this will at least take "a couple of more weeks", right?
Some additional points that I'd like to add:
1) Whatever Mr Purcell lectured about might have been interesting for you, as you were able to follow, but it was rather dull for me, as I only understand a fraction of it, both due to the terrible sound quality and the fact that I don't happen to be a biochemist, but a physicist. So to be honest, I personally wouldn't have needed that biochemistry lecture. It would have been sufficient for me to hear, that the tests were very successful and they are now being handed into the FDA as basis for the IND application to gain approval to start the clinical trials.
While I didn't need the first, and wanted the second, I received the first and was put off about the second. That is what I mean when I write that I see a disconnect in the communication between GNBT's management team and us, their shareholders.
I want to hear the success stories and reliable timelines on how things will continue to progress, and they - excuse me - bore me with biochemistry details.
2) Honestly, I have no problem with waiting another 6 weeks or so. I have learned to be patient, not just because I have already been a long time GNBT shareholder for a very long time, LOL. But I am asking, or even demanding an open an reliable communication between GNBT's management and myself, such that I can count on information and timelines given to me. If I would have been told during the CC, that in 10 days GNBT will receive lab test results, and then the chain of next steps need to be happening, and step 1 takes 3 days, step 2 takes 1 week, ... and it all will take 6 weeks total to accomplish and only then the IND application to the FDA can happen, and another 4 weeks later the clinical trials can start. I guess that would have been sufficient for me. Especially, if I woulld receive a first update 3 days later, telling me that step1 is complete. BECAUSE, in such a case, I can ask myself, is it worth it for me to stay invested for another 6 weeks, and am I willing to wait for such a long time. And I guess, if it would be reliably communicated to me, I would be willing to be patient and stay invested. But what I personally find catastrophic is the assumption Joe seems to constantly make is that I know what he means 6 weeks, when he says "in the coming days", or that we all know that once the results have been received that it requires all the additional steps, and I cannot expect to receive a PR immediately afterwards that gives me the executive summary, of "Thumbs up, test results are very positive, and now it will take about 6 more weeks, before we can start with the clinical trials". The way it is carried out by the GNBT management is what I would call "Salami tactic", ie. you deliver the full information slice after slice. That is terrible, to be honest.
3) I know that I repeat myself, but what I still don't really get is that I continue to have the impression that they seem to be absolutely in no rush. I understand, as docj has put it, that this is not baking bagels for Sunday's breakfast, but to stay in that metaphor no bakery is able to sell bagels for the Sunday breakfast on a Monday afternoon. If you catch my drift, what I mean to say by this is that of course everything needs to be carried out very thoroughly, but why am I left with the impression that with GNBT EVERYTHING always takes significantly longer than for the competition. Are they really aware that they are still in a race for the best vaccine? Is this just my fals impression here? I don't think so, and we might have the best ever vaccine, but when everybody has received a first vaccination and/or the virus has already significantly mutated, it will surely be too late even FOR THE BEST EVER "Complete Vaccine".
I know, I know, it is up to me to decide whether it is worth for me to stay invested or move on, but for such a decision I would need reliable timelines to think for myself whether this will still lead to a FDA approved CV-19 vaccine when there still would be a market for it, or not. Because, in the end, the best ever vaccine is only as good as it is useful and fast enough available for a mass market.
So let's really hope that you are right with your assumption that we will receive an update via PR early next week, otherwise I am sure that a lot of people are getting very impatient very soon. I am not talking about myself here in particular, but I have endless discussions on my German message board with a bunch of users, who already now talk about this being fraud. I am surely not one of them, but for sure I am frustrated.
As, I guess, most of us agree, this is "show me time" for GNBT, and yet another delay of showing us the facts is surely not going to help the PPS to increase, as we are all hoping for, right?
well, then we actually are of opposite opinions.
You wrote that "And no one heard anything taking several more weeks..." and that this is only my own interpretation.
Hmmm, if I read the post from skipper, where he quotes a message from
Joe, that
Quote:
"The results were received. Now they need to be certified by COVANCE, Elispot, Univ. of San Diego, CTL, then a statistical analysis has to be performed.
Further reviews are then needed by:
Advisory board;
Head of FDA pediatrics;
NIH;
DOD (me I’m not sure about this one)"
With all that listed it is not far fetched to assume that this will at least take "a couple of more weeks", right?
Some additional points that I'd like to add:
1) Whatever Mr Purcell lectured about might have been interesting for you, as you were able to follow, but it was rather dull for me, as I only understand a fraction of it, both due to the terrible sound quality and the fact that I don't happen to be a biochemist, but a physicist. So to be honest, I personally wouldn't have needed that biochemistry lecture. It would have been sufficient for me to hear, that the tests were very successful and they are now being handed into the FDA as basis for the IND application to gain approval to start the clinical trials.
While I didn't need the first, and wanted the second, I received the first and was put off about the second. That is what I mean when I write that I see a disconnect in the communication between GNBT's management team and us, their shareholders.
I want to hear the success stories and reliable timelines on how things will continue to progress, and they - excuse me - bore me with biochemistry details.
2) Honestly, I have no problem with waiting another 6 weeks or so. I have learned to be patient, not just because I have already been a long time GNBT shareholder for a very long time, LOL. But I am asking, or even demanding an open an reliable communication between GNBT's management and myself, such that I can count on information and timelines given to me. If I would have been told during the CC, that in 10 days GNBT will receive lab test results, and then the chain of next steps need to be happening, and step 1 takes 3 days, step 2 takes 1 week, ... and it all will take 6 weeks total to accomplish and only then the IND application to the FDA can happen, and another 4 weeks later the clinical trials can start. I guess that would have been sufficient for me. Especially, if I woulld receive a first update 3 days later, telling me that step1 is complete. BECAUSE, in such a case, I can ask myself, is it worth it for me to stay invested for another 6 weeks, and am I willing to wait for such a long time. And I guess, if it would be reliably communicated to me, I would be willing to be patient and stay invested. But what I personally find catastrophic is the assumption Joe seems to constantly make is that I know what he means 6 weeks, when he says "in the coming days", or that we all know that once the results have been received that it requires all the additional steps, and I cannot expect to receive a PR immediately afterwards that gives me the executive summary, of "Thumbs up, test results are very positive, and now it will take about 6 more weeks, before we can start with the clinical trials". The way it is carried out by the GNBT management is what I would call "Salami tactic", ie. you deliver the full information slice after slice. That is terrible, to be honest.
3) I know that I repeat myself, but what I still don't really get is that I continue to have the impression that they seem to be absolutely in no rush. I understand, as docj has put it, that this is not baking bagels for Sunday's breakfast, but to stay in that metaphor no bakery is able to sell bagels for the Sunday breakfast on a Monday afternoon. If you catch my drift, what I mean to say by this is that of course everything needs to be carried out very thoroughly, but why am I left with the impression that with GNBT EVERYTHING always takes significantly longer than for the competition. Are they really aware that they are still in a race for the best vaccine? Is this just my fals impression here? I don't think so, and we might have the best ever vaccine, but when everybody has received a first vaccination and/or the virus has already significantly mutated, it will surely be too late even FOR THE BEST EVER "Complete Vaccine".
I know, I know, it is up to me to decide whether it is worth for me to stay invested or move on, but for such a decision I would need reliable timelines to think for myself whether this will still lead to a FDA approved CV-19 vaccine when there still would be a market for it, or not. Because, in the end, the best ever vaccine is only as good as it is useful and fast enough available for a mass market.
So let's really hope that you are right with your assumption that we will receive an update via PR early next week, otherwise I am sure that a lot of people are getting very impatient very soon. I am not talking about myself here in particular, but I have endless discussions on my German message board with a bunch of users, who already now talk about this being fraud. I am surely not one of them, but for sure I am frustrated.
As, I guess, most of us agree, this is "show me time" for GNBT, and yet another delay of showing us the facts is surely not going to help the PPS to increase, as we are all hoping for, right?
5
