RE:RE:RE:RE:RE:RE:Capital Market and Proxy NotesYes, that's the firm. They specialize in all things biotech. As the notes said, they planned it out starting a year ago with their first ever IR slot and that began the process with budgeting for more. I think they felt there was a lot they could do with her initially and we saw some of that improvement. Seems Paul assessed the situation with the analyst like we have and the deal really showed him Thera is not what it was and was more misperceived than he would have thought. He mentioned it as one of the annual goals in the beginning of the year - to rebrand the company as a global specialy biotech and to completely revamp the pitch, find the investors that value that, find analysts that value that, and capture the pipeline value in the market cap, etc.. So the process is 12 months in, has had some success as he says and some misses, has new impetus with new investors and consultants to ramp it across the board so Thera is looked at totally different by the market and analysts in a years time.
qwerty22 wrote: Adding to that question why now and not 12 months ago.
On a separate note are you talking about these guys?
https://www.lifesciadvisors.com/10-tips-for-non-deal-roadshows/
qwerty22 wrote:
What was the timetable for that? 2021?
Wino115 wrote: Just wanted to address your point 1. I think is wider in it's remit than perhaps was suggested. It's a full on comprehensive deal to help rethink and "re-engineer" the whole shebang -- website, how they present, how they frame and explain the science in an easy way, conferences, retail strategy, institutional strategy, branding, presentations, etc... That's how it was presented -- everything.
scarlet1967 wrote: First of all I would like to praise wino for his efforts, honoring the company’s request I am going to bring up few things without discussing specifics also I apologies for an element of negativity in my points I guess I have my reasons for not being more positive.
1-Apart from the life science approach it wasn’t any details in the conversation about plans to attract retail investors and as mentioned earlier many times the retail segment has grown significantly specifically in the last couple of years therefore many companies have shifted their marketing strategies targeting the retail investors more actively/on a continues basis.
2-The company seems to think the board’s composition as it stand now is almost ideal my concern is this board had long enough time to educate/motivate institutions, retail segment etc. which hasn’t been successful to date and it seems like they are happy to keep implementing same strategies going forward and it concerns me because they still think their failing strategy is the right one and needs more time.
3-I don’t think they own enough shares and it is important as if they each had a significant holding they would be much more motivated/engaged to utilize whatever tools available to support the valuation, often companies with higher insider ownership than THTX’s 1.2% have more proactive/protective leadership and I can name many companies with much higher insider ownership but very few with less than THTX. It’s just part of human nature to protect your interest first before others.
4-As wino pointed out time is essence specifically for a company which has been falling behind the competition with their marketing and I just don’t sense the urgency needed from the company to deal with many issues discussed by us, again if one is falling behind in a race you won’t catch up by going at the same speed as others, for instance how long does it take to upgrade the website remember if I recommend this company to a friend as there isn’t many coverage/information out there that person probably search the internet first they will come across this MB and stocktwits with few followers compared to the piers and next thing they will do is to look at their website therefore having an appealing website is not only is essential but their very first point of sale, often that point of sale has very narrow window so after a short period of time that potential future investor will decide to keep researching or move on. That is why it is a must/start to have the website setup in a way that everyone from educated investors to average joe type understand and is impressed by and it should have been done long ago.
5-As per the IR communicating with shareholders has improved I am afraid that hasn’t been the case at all, try to send few emails to Leah with legit enquiries and see how many of those she choose to respond to even if the enquiry is not legit and she can’t address it because of strategic reason/none public information a friendly IR person would respond back and explain the reason why they can’t discuss it.
6-Overall it doesn’t look like there will be significant changes, yes it seems the plan is to try harder with their current strategies which after many years seems to have not been successful which is hard to digest in the middle of the longest bull market in the history.