Fatal strategic stupid decisions1-ISSUING A CONVERT RATHER THAN STOCK
2-BUYING KATANA AND ENTERING INTO EXPENSIVE PRECLINICAL STUDIES FOLLOWED BY CLINICAL TRIALS COSTING TENS OF MILLIONS WITH BORROWED CASH(convert ) and NO KNOWLEDGEABLE AND NO EXPERIENCED PEOPLE WITHIN THE ORGANIZATION
3-BETTING THE FARM ON EXPECTING FAVORABLE RESULTS IN PHASE 1 BEFORE THE CONVERT BECAME DUE AND CONSEQUENTLY PAINTING THEMSELVES IN A CORNER AND HAVING TO ENTER A TERRIBLE FINANCING DEAL WITH MARATHON
-4 THE ABOVE RESULTED IN A 98% DROP IN THE SHARE PRICE
CONCLUSION : We all can voice frustration with execution and messaging but REAL reasons for the loss in value is directly linked to 3 Strategic Board Approved decisions.. AND I AGREE THEY SHOULD ALL BE REPLACED