RE:RE:RE:News Doc, I think that the hiring of the US-based, senior business development officer, the rainmaker/dealmaker will be a significant event. It will indicate that big partnering discussions are coming.
In the final prospectus and subsequent events, the company stated that it would be hiring this individual to manage the big deals. It earmarked $750K for his hiring and first year salary, a significant amount, given that this is more than the salaries of Legault/Wallace combined.
I have looked into large bioteck deals and have come to the conclusion that it is rocket science. It requires specialized skills, and the right negotiator can add significant value. So it would be appropriate to bring someone onboard when the time is right.
I think the senior BDO is separate from the recent Board appointments. The Board provides oversight, governance and advice, and maybe can open some doors. But it is not an negotiator. Hence the need for the new BDO. At least that is how I see it.
Or has the company's approach changed, and they are prepared to go forward with the current team?