BayStreetWild wrote: the whole thing is a joke.
Any investor needs to just look at the last 3 years of presentations and see that nearly every projection was wrong. Very little was accomplished and a lot of money was spent on salaries.
Sure, baxter gave them a pittance.. which is all these pumpers talk about.. because they pretend to be wowed and amazed at this paltry sum of money... but they've spent 8x that on salaries alone ($40M +) all while the share price stayed the same or went slightly down.. because the one and only thing that matters, trial enrolment, is as terrible today as it was 3 years ago... 1 patient per month.
Everything else is just noise intended to distract from the abysmal failure that is this managements entitlement rate.
Here's a funny one for MM.. Baxter, a multibillion dollar and multinational company, bought $5M in equity and $2.5M in convertible debt for a gamble at a potential product for their pipeline (of which they have hundreds)... but paradigm, a relatively small Canadian investment dealer, brought in $40M from the savings of high net worth individuals and local family offices.
Keep in mind a single marketing campaign for a pharmacy company can reach north of $500M.
https://www.latimes.com/science/sciencenow/la-sci-sn-medical-marketing-money-20190109-story.html
Sure, they think the product has promise, as does everyone on this board including me, but that does not guarantee success and from the outside looking in... at this enrolment rate... the most profitable thing to date has been the lifestyle executives live. At one point paying $750 000 per year in executive compensation to just the CEO. For 20 years? Give or take a year or two or $100 000 in some years.
Stocktree wrote:
Simply put, no one would be coming here to complain about pumping posters if pumping posters didn't make it their job to lure people into thinking the last failure is nothing and all potential future successes are a near certainty.
Tell MM and his mob to stop posting and I will stop posting, to the same degree.
And I BB on a stock is not supposed to be an ad for the stock, don't you think?
Thank you for your time.