Strategic Review. Its Time!All: surely we are ready for a strategic review process? Thomson, Dr SS and others must be tired of watching this show go on and on and on. I know I am. CAD$3 and I'm out. MV down 75% from the high ...plus /minus.
Plenty of of discussion of great science but crappy funding thinking. Maybe. The fail to this point is failing to understand the FDA needs after a year at least of building a process. PLI seems to understand the "fail" now . Why not 18 months ago? Cost us $120 million cash and a multiple on EV. Where is the Board on this issue? Hello.
Buy side investors maybe sniffing at the carcass but most are staying away after years of failed PL promises. I would remind people of one PL's comical quotes... "We are not a poutine shack". There are plenty more .
The Board should sell the co. Mgmt can't deliver on its promises or what the street wants... no more science press releases. Street wants cash flow runway. Not hard to see that ... B of D , PL and BP.
B of D figure it out. Cash outflow of $120 million . Cash in $$$$$$. Mgmt can't seem to figure it out.
Hopefully my rant is cured by May 9.
As always GLTA longs
Coyote13