Cash strapped companyHow did THTX get there?Self inflicted wounds
1-Opting to issue a Convert 5 years ago instead of issuing stock
If they issued stock instead of debt Marathon would not be in the picture
2-Buying Katana and going into a wild goose chase with insufficient know how and insufficient cash
3-Flawed strategy for sales of Egrifta when bough back from Serono and flawed launch of Trogarzo from the very start
ALL OF THE ABOVE WAS UNDER THE LEADERSHIP OF THE FORMER CEO LUC TANGUAY
Paul Levesque is nor perfect but had he not grown sales THTX would be moribond
My biggest peeve against Paul is that he did not see fit to replace the CFO days after he joiined .....I wrote at the time new broom sweeps clean unfortunately he did not listen....,,