RE:RE:RE:RE:RE:RE:RE:RE:RE:i-Dialco "So when you look at that track record I'd say .33 is probably fair. Our science is solid and should be worth many dollars- but the way Seto and Co. are running the show makes it high risk. As their loss of control of Dialco has just shown us" - Hmmmmm
Again I say... "buy design"?
How convenient for some that it IS trading at .33. ;)
phase 1 separation of assets ( uncertain value, shareholders verklempt )
phase 2 monetization according to the ultimate buyer's agenda (IMO)
Re PMX
IMO the Goal to maximize MB by interim, and allow other evidence to accumulate/ mature/ add value ( eg RWE, CV-19 studies, Eden for label expansion) Also to pick the perfect candidates ( quality over speed) in the " confirmatory trial " that is "exceeding expectations."
Looks to me like a tortoise strategy to me. "Mgt incompetence " is a handy interim store front ( won't bore everyone with that analogy again)
Oh and the other thing that they dare not do is to toot their own horn along the journey. That just attracts pesky followers that ask too many pesky questions.... and unnecessarily raises the cost of options, and future raises along the way. Common but not always standard practice. All IMO.
I could be totally wrong and Seto is, as you say, dropping the ball big time and that he sucks at managing expectations. Maybe he's a patsy ( like Oswald was in a much bigger game) The fact that the the BoD has NOT acted on what others see as obvious incompetence suggests to me at least, that another explanation fits better. Or in other words an alternate and creative and tricky end game is afoot to borrow a phrase from the wise, infamous and at time notorious STT who's spirit lives on in a rather large group of equally keen observers. ( or perhaps just an excuse for me to supply a timely soccer reference) .
MM