Perspective
Just to give some perspective, in like July of 2016, Sernova announced that the JDRF would help sponsor and bring the cell pouch towards their first in-human clinical trial.
In December 2017, a year and a half later, the FDA approved and authorized the initiation of the first in-human clinical trial.
In December of 2018, the first patient was enrolled in that study. 1 full year later.
In January of 2021, Three years later, that first patient was announced as insulin independence. And what was started 4 years prior had finally bared fruit, share prrice wise.
Now we are in 2022, and suddenly we ask ourselves why is management so slow?? Did we ask these questions in 2017? Or 18? Yeah! Did anything change? No not really.
Unless something changes, past performance is a good indicator of future performance. So strap in until 2025...