RE:Several walls are up on the sell side.Odd you'd think pointy thinkers would somehow digress from the even handedness of algos.
Meanwhile...spoken in boring monotones a la Ferris Bueller's economics classes...
We’ve all been wondering when PT would put someone in charge of some of the many business decisions like institutional investor relationships. I thought that would be an internal team hire (bye-bye Ray), perhaps someone with an affiliation with current BOD members given the way the BOD decided to potentially enrich themselves after the motions passed at the 2021 AGM. That way the board could point to "we are doing more work, and not simply giving a blessing to fund allocations.”
Alas, we have hired another intermediary as that seems to be what we do. Does this mean LJ and Can-O-chords lack the U.S. institutional investor reach at the “interest” scale PT and the board thinks will surface once LifeSci works their awareness campaign of the pouch? Honestly, after all these years, which potential investors-at-(large)scale would want to do a PP or some other direct investment in Sernova over participating in the VC markets where they have way more control?
Yes, a nod to keeping the lines of communication open, but as the scientific milestones ARE reached, do we have anyone in-house getting cash infusion deals done? Anyone? Anyone?
DF