RE:RE:RE:RE:RE:It's time to protect long-term retail shareholders interest There were so many mistakes during the past 10 years that we can't just ignore them.
After all, mistakes that keep repeating over and over would not be "mistakes". It's something else...
Time to have our voice heard, SPCEO.
SPCEO1 wrote: While I don't know for sure, I think I can say with a high degree of certainty, TH wanted to do an offering in the immediate aftermath of the general NASH announcement and conference call. But they botched the announcement (despite a really well scripted conference call) and the stock just yawned. Instead of learning from that pratfall and fixing their efforts to convince investors about the company's interesting prospects before doing an offering, they apparently were just panicking about the failure to get that offering off all this time. Our CEO declared they had many financing options - if this was the best of those many options, I am not sure he was telling us the truth the whole truth and nothing but the truth. As shareholders what we got was nothing at all like we were told. The board was indeed highly risk averse and failed to kick management into gear following that failed announcement on general NASH. They settled for failure and then compounded that failure with proceeding with this deal when in reality they had more time to set things right than they convinced themselves of. Many companies were able to raise money on better terms than these in April of last year. There was no need to panic and accept such distressingly bad terms. If they really had no better options in the current money for anyone environment, it just highlights what a failure their capital markets efforts have been. They evidently learned virtually nothing from the general NASH announcement debacle and that is far from encouraging. TH actually has a much better story to tell investors than many small biotechs, especially after announcing the phase III NASH news last week, they just have not got it done. They clearly need to do something very different in the future as the cost of this failure to shareholders will likely be measured in hundreds of millions of dollars in the long term.