RE:RE:RE:Stage is set for tomorrows call... down -4.5%I’d have to agree with your concerns and frustrations. The silver lining for me on this most recent drift lower is the anemic volumes. The summer holiday season hits hard as Canada day and July 4th celebrations mean many could be away from the office. I can only hope that volumes and buying pick up after next week once the analyst reports are out and people are back at their desks.
It will be up to management to set the tone for the summer. European approval and a NASH journal publication are out of managements hands, so they better not be relying on “pending events” to help sell the Q2 story. They need to put a focus on communicating their sales forecasts and expectations to clearly give the market an idea of the future.
I would also expect an update on the Nasdaq listing. After mentioning they were exploring the idea after Q1, I would be extremely frustrated if little progress has been made over the last two months.
Management needs to put a little less focus on the “next billion” and make sure they are executing on the things that should be getting us back to the first billion.