Even deeper cuts!
Falardeau was the 2nd highest paid executive - 300,000 per year + bonus + options. He is not the inventor of 4601 not an oncologist either. A pharmacist. A continuating scientific collaborator.
I want management to reduces their salaries even more!
Seagal get 300,000 per year too and SInger gets 200,000.
I think all shareholders should email Management and request even deeper cuts.
Seagal is worth 150K and Singer 100K max.
Now, Havlor was one of the two independent director hired last year. He cost something gone! Don't think his contribution is needed either. We are down to 7 board members - all representing initial major shareholders. Initial shareholders have taken the hardest hits. Good. Now, they want max. valuation!
Thallion was an R&D, concept stock. It's moving toward commercialization and should focus resources for that sole
purpose.
IF they can bring burn rate to -500K per month, that would be awesome.
Today's move was for the long term!
We have now 24-28 months of cash.
IF you are a shareholders, disgrunted, unhappy or a new sharholders. Just email management to tell them to make even deeper cuts.
Also, if you compare TLN with MS.to (the favorite analysts biotech stock, well... MS.to loss -9.38%)
Event oriented pullback or industry pullback?
I am happy to see how serious they are about cash.
Cash is king.
More cash is very good.
We will get more news next week. That's what management keeps on telling me.... We will see. So far, I like it.
More cash, less burn rate.
We are going in the right direction.
Deeper cuts!!!!!