RE:RE:RE:RE:The Head, The Heart and The Gut
Rumpl3StiltSkin wrote: tdon1229 wrote: OTOH, I'm not looking forward to having RDW back as CEO ... he's more of a science nerd from the laser side of the house ... he became more of a huckster the last time he held that office as he sought financing (the CFO's job), overstepped, and was censured and banished from leadership roles for five years ... unless he's grown significantly, I don't see him having the requisite capabilities for the challenges that lie ahead for this company and its ground-breaking technology ... lack of these capabilities is what dooms many promising companies to fail to recruit the needed personnel with skills and experience to carry the company forward ... we're about to enter what Harvard has dubbed the "Corridor of Crisis" wherein the entrepreneur who brought us this far is rendered functionally incapable of meeting the growing demands of the CEO position ... failure to recruit the necessary talent is what weighs down the company and keeps it from achieving its full potential ...
TDon, lol. And I always thought you were RW? Lol. For some reason? Anyway, I think He will only have to navigate as far as the JV/Buyout. I think he has those skills, in spades...
A tremendous anmount of value has been created on a shoestring budget, & I have 100% confidence in the science & the clinical data moving forward. The strong data/drug versatility/reduced risk & attractive pricing will certainly give us some leverage at the negotiation table. However, it generally takes lots of cash to have an upper hand. Having the ability to say "no" to Big Pharma can alone be worth north of $1 billion...all imo. A good outcome for me would be a more friendly cash raise (post BTD/AA) & have at least one additional Ph1b under our belts for leverage sake.
It's been great to be see such a small company work its independence but at the end of the day, Pharma negotiations always start with the data but end with strength of cash...I hope management represents shareholders well. Some may say they have earned a 2nd chance. Good luck...