RE:RE:John Wallace & Co.
StrikingMoose wrote: Probably thought citagenix was going to go a lot better than it is. I think the major driving issue is money. If you read recent reports on sedar the risks are all mostly centered around money. They run continuous deficits which one would assume they would as they're hedging their bets that 346 will be a success and they'll pocket a LOT of money on a partnership once they prove it's GI safe with no side effects. I don't think anyone is happy about this PP but this is what's happening so may as well pull up our pants and get behind it and try see the bright side. Yes there will be dilution. If you have money to participate or average down in the floating market here's your chance. The science of their drugs is still solid but trials are super expensive and that's what's fuccing it all up. The last 2 weeks with a couple big holders continuously dropping the price anytime it climbed back to 16-17 seems suspicious of keeping the price down to affect the offer price of the PP. Maybe I am just paranoid and suspicious of everything. All we can do is sit tight and wait. I am way deeper into the red than I ever thought I'd be with this company. I'm not going to panic and sell though as no one else should. It's just a waiting game now unfortunately. June will be bad but once we get confirmation of trial starting in July then we will hopefully worm our way back up.
Umm no.. being a shareholder is not about keeping mum and letting managers run a circus.. Saying Citagenix is forecasted to do a lot better is not really acceptable.. fix it or sell it instead of raising money in the market via dilution.. you can probably get the $3M to finish the trial, if you are so convinced there is a major partnership coming...
About partnership.. lets see... knight pharma took them to the cleaners.. they paraded a paltry $1M licensing deal as a success.. claiming it validated something (If it validated anything, they would have got a lot more for a NSAID)... this is the same guy whose science failed in the 1990s with Nico-Ox....
They have consistently over promised and under delivered.. but hey John Wallace has a heck of a sense of humor about... "My Phase 1 trial had issues, but we got read of that pesky lawyer"... gut citagenix and bring down salaries and bonuses.. thats whats killing the cash flow.. go see the income statement..
Guys, be a bit demanding instead of a teletubby as you watch a company being mismanaged... stocks are not supposed to be gambling till we turned it into one...