Another anniversaryNext week, on December 10, will be two years since Sernova announced the US FDA IND.
On numerous occasions, I have been promised "a waterflood of press releases", "a collaboration with a major pharma", "that 2019 is going to be the year", etc., etc., etc.
The fact is, the only thing they have published lately is a cartoon.
I see that they have hired another CFO. This is the fifth or sixth CFO since I started buying Sernova. It is not a good sign.when a company keeps chewing through CFO'S. And it is really not a good sign that the current CFO is an acquaintance of Mr. Mathews and was recommended by Mr. Mathews.
In my humble opinion, Mr Mathews is overreaching and is in a spot that is self-serving and way beyond his capabilities.
It is a hell of a shame. Sernova had a great idea, good patents, strong shareholder support, and some fabulous scientists on staff. What the hell happened?
They will now be passed by their competitors and new science, their patents will expire, they will run out of cash, and Sernova will continue to talk about space shuttles and Egg McMuffins.
I have been invested in this company for a very long time. The share price is currently 20% below my cost. I have heard all the excuses, promises, and BS and I have had enough.