and this weeks imminent news was ................. same as last weeks, crickets.
time for a reality check, if shareholders do not demand the status of this company from management, management will continue to collect fat paychecks until there is nothing left for the shareholders who have provided the money.
if Telesta were for sale, being it is a small company, a deal could have been done long before now.
with a five year window on FDA approval to complete a phase III trial TST's value is greatly diminished.
we have a state of the art manufacturing facility that is sitting virtually idle.
cash is burning each and every month nothing is done.
management has taken no responsibility for the November and February failures with the FDA.
it is far beyond time to demand management either inform shareholders of what is or is not being done, and justify their position, their secrecy and their renumeration, before we are left with nothing but useless paper.