RE: RE: RE: Redacted Diy...
Obviously we all gambled...that's investing. But I gambled less on McRae's vision and gambled more on the pipeline that I still feel is superior. Symantics maybe but I have gone on record many times over saying that Bioniche would succeed in spite of Graeme McRae...not because of him.
And you ask many what if's.......we have the benefit of hindsight, but McRae has the benefit of real-time pertinent information....the same type of information that all execs everywhere have when running their business.
So for starters, I would have shelved Econiche long ago. That has been anything but a colossal failure and money drain. McRae knows this and anyone with any detail from Bioniche themselves knows this. That file is going nowhere and has gone nowhere. The money we received from government is not all free....so we need to pay all that back...plus the added bonus of the carrying costs which by all accounts is (or is very near) the single biggest contributor to our overhead.
Also, I would have scaled and grown AH substantially. People like what we have, we need to sell more of it and not keep it hidden.
Urocidin is an enigma as by all accounts it is still a viable drug. But in the end, what we are being told is that we are selling the house to gamble in Vegas....not good business practice...and not hindsight as of yet.
In any event, it matters not what has past necessarily but the past always provides insight to the future. And given you readily admit that mgmt and the BoD have made some questionable decisions, you need to agree that decisions they have made do not set us up for success in the next, and hyper critical important phase of our companys life.