RE:RE:How long must we wait
Again, it’s not by throwing away money against the wind and hoping for a miracle that a company survives, but trough a clear-cut strategy that protect the business and shareholders wealth in order to survive and thrive in the future.
Paul laid out clearly that the trial up to now is a failure in terms of efficacy and safety. He laid out a fuzzy plan for the future without any underlying support or proof of a meaningful chance of success. He is willing to dish out substantial funds to continue in this approach at the expense of the company. He did not engage in a financial rationalization to cut costs to a bare minimum in regards to this trial and any underlying costs.
Thera like any other company is in the business of making money and even more money, it’s not in the business of trying to save failing products at the expense of its own survival.
It would seem that this CEO and the board have lost the main goal and objective of a company and are working under arcane or personal objectives.
Right now Thera should be searching for a mean to reinforce and increase the sales of their existing products, maximize costs reduction not related to sales, look for other ways to increase the company's wealth. Any attempt to pursue the present trial should not be undertaken until a postmortem analysis is done which would show a clear possibility of success if it is restarted.
I have watched this board speculate on the meaning of each word given by Paul and Thera against this trial and in the end, the fact is that what was told, only served the interest of keeping us busy while they were going nowhere and keeping everybody in the dark.