RE:RE:National Bank It seems quite obvious that we are at .36 cents because the market clearly doesn't believe/ trust management. After years of lofty promises and statements on Dialco- then poof..
After years of the similar promises on Tigris- while never hitting their enrollment levels or timelines...
Investors actually want companies that hit their stated goals. And companies that take responsibility and make meaningful changes when they occasionally miss a goal. It seems basic, making excuses and dodging disclosure rarely works in life- especially long term..
So while a handful here repeat over and over - they said we are "exceeding expectations", it is guaranteed! The Market is less naive, it doesn’t just weigh the claim, but also who's making the claim, and their track record for previous claims.
Could PMX be worth 2.00? Maybe. But the Market has no interest in taking Management's word for it anymore. To move the share price Management is going to have to do the thing they have been the worst at - delivering.
Maybe raw data at 90 patients (if released) will help the Market regain confidence in the trial and PMX.. until then it is best to find comfort in the .30s and watching Seto stuffing options while twisting himself into knots telling us how great it all is (at the end of the day).