Management's word and track recordAnyone who's invested in this stock would have to be worried about the company's inability to enroll the trial. 3 plus years and we are only 1/3 of the way. It's clearly THE issue.
Management's word and track record are terrible on trials.
They told us all kinds of optimistic news about DIMI, along with stories of the DIMI trial starting "next quarter", "next quarter".. next.. and then they gave up control of DIMI and any word of a trial disappeared.
So how could an investor watch similar struggles with PMX and not be concerned?
The fact that MM and friends don't call out this obvious issue- but instead try and sell the idea that a crippling delay is benificial or part of a master plan... is all you need to see to judge their sincerity.
But, at the end of the day MM is not the issue, he's just a surrogate for the voice of a management who are failing at their jobs, unable to defend it, and hiding from their shareholders.