RE:Responsibility Howard VerricoI have a rather substantial investment so I really need the company to be successful.
That said, I think some critisism and doubts is inevitable as the situation has unfolded.
Honestly - I don't know if management even care about the share price. The deal with Abbvie reflects their great plan - and that is an exit - not today, not tomorrow but maybe in 5 years?
Howard is not a businessman even if the almighty MD certainly believe that.
This long term revenue will be a long wait to materialize. The marketing contradicts this in multiple aspects where the investors are led to believe that action and revenue is just around the corner.
For example the institutional investors - we might think that Howard is about to meet with them, and maybe he will eventually, but before he can presents any meaningful numbers there's no point. They will for sure see behind his inflated market share numbers that he try to sell us.
Being humble, honest and transparent isn't Howards style. Better underperform than overdeliver on expectations he builds!
The current share price is the markets way to say, enough is enough!
My fear is that they will continue to structure every deal in the same way. Minimal up-front to maximize royalty.
I would combine long term with short term in order to gain investors confidence. So the pet diabetes deal should have a substantial up-front since I realize that's really needed to keep at least some investors.