Wallace is a legend, Dan sucks. After taking some time to reflect on results and blow off some steam, I have a few thoughts. As usual, I am blown away by the science here. But Dan has always been my least favorite thing about this stock. Todays release was totally unprofessional, especially considering the circumstances.
For starters they obviously should have halted the stock before opening, standard practice when releasing big results such as these. That way you eliminate knee jerk reactions, which is what happened today. Then results can be delved into more thoroughly. Once unhalted, they should have had a conference call with the new CMO, the CEO and the man himself Dr. Wallace to give a breakdown of the results and answer questions and clear up any issues, which obviously there are quite a few (no womacs, funding, LTE, etc)
To those who say have patience, kudos to you I guess. I have been in here, with almost half my portfolio at one point, for two years. And shareholders have patiently waited through delay after delay....only for years of hard work to come out with a lackluster PR and the stock to tank.
And on top of all that they didn't even thank the shareholders LOL....We're the ones that funded everything with our hard earned money and patiently waited for years for this. I'm still bullish on the science, but my confidence in Dan is zero. This is above his paygrade IMO. He doesn't have enough experience in the markets to be CEO (he was a pilot, lawyer, etc and probably landed the job because him and Wallace are old college buddies).