Insiders who own that little shares in their own company is a bad sign
and shows the market that they have no confidence in their approach of the pipeline. Why invest and take some risk while the Board isn't!!!????
Further, they showed disastrous marketing skills!!! While "shitty" companies could raise 100/200 M and more without warrants, they did an offering..............(fill in for yourself.....)!!! On top of that, while asking why they did not raise when the price was way higher, they said at that time they didn't need the money..........?????!!!!!! Foresight and clever for sure.......!
BUT we are here now and future looks promising, so we have to HOPE (again and again) especially for cancern patients !!
So, good luck to all the people with good intentions!!
PS: bought again GLPG for 1/2 of what i want(CEO has many shares and they have 5B in cash) + a few stocks in oncology (we have to get rid of that devastating desease!!!!)
Wino115 - (4/16/2021 9:44:33 PM) Frankly, it's atrocious how few shares the entire Board owns. Especailly given the huge dips over the last 2 years. As Canadapeit always complained, they really should be eating home cooking and be required to own a lot more than the tiny amount they do. Another huge difference between the VC backed startups where managers and boards are massively aligned with their shareholders and THTX and many other Canadian companies. It's just a different mentality. Dawn should up the number of required shares by 4x and given them 12 months to conform.