"That" time of year So not that TH has bumbled along and we are well into fiscal Q4, we are approaching that time of year when bonuses and options are going to be dolled out. Yes, this is still months away still, but what is also potentially months away? Potential efficacy signals and/or partnership announcements. I get the feeling we are all getting a little too optimistic on the timing of these positive announcements. They are messaging that there will be a MTD announcement before the end of the year. I don’t doubt that, but I think that is all we will get.
As per the usual TH style, there will be a dearth of information until after bonus season, then they will puke out a bunch of data/news all at once to try and buoy the neglected and depressed share price so they can do an overly dilutive financing with a C rated syndicate.
I feel I am following in Spartrap’s footsteps and am becoming very cynical, but what reason or indication has the company given to show this won’t come true?
NASH program…delayed… NASH partnership… delayed… Phase 1A and MTD… delayed… sales growth… delayed/lower trajectory.
Attempts at positive news cycles from TH always seem to hit in the spring after options have been granted, then taper off in Oct/Nov. Last year was the exception, but then guess what happened a dilutive financing that was a knee jerk reaction to some doom and gloom put out by B/C rated Canadian bankers.
Sure, there is some token buying by the board, but no one is really doubling down in advance of good news. I hope I am wrong. I hope we see more insider buying, particularly from dubious Dubuc, or else I am resigning myself to the view that we are screwed for another 6 months.