US Market hates the optics; shareholders sufferIf you have something to bury you release it on a friday, better yet a friday of a long weekend. Why did they need to hold this call midday on the friday of a long weekend? Do they have no business sense at all? These optics just add to the pathetic story.
Pierre was a disaster - rambled, said too much, while saying nothing helpful - he should have had prepared answers; they should have anticipated what questions they would get. IMO it was a great question by the one analyst - about what were the results of the other 49 sites. Why Jan chose to dodge that answer is disappointing and frustrating (the stock answer of we are not releasing anymore info at this time). Do they realize there are shareholders who have been with them 10++yrs who are going down with the ship? Do they even care - obviously not. They might if a class action emerges in the future.
We deserved better answers and fuller answers. We're now looking at another 7 to 8 months before we have any more answers - yet is management withholding their own salary - nope. Just us - we, the shareholders are bearing this suffering. And to me the reason seems pretty clear - some incompetence person or persons did not enforce (or construct) the study protocol properly; either that or the makers of cornstarch just changed their composition to successfully combat high cholesterol.
I wish someone would have asked why George Heywood all of a sudden reduced his significant holdings in Acasti - timing seems interesting - if the reports are correct then he seems to have substantially reduced his holdings during the delay over the Christmas period - you know the time when the stock price was still decent. And who again orchestrated that delay... hmmm
Wish we small guys would have known certain info too..... instead all our money remains dead and dying for the next 8 months. Thanks Pierre and Jan. Hope you two are enjoying your regular paychecks.