RE:RE:RE:RE:RE:RE:New Press Release - Sirona Biochem Announces Payment of Convertible Debenture Interests in SharesNot exactly but we need to watch this space moving forward.
How many times have we seen 1. Dead silence which results in a steady slide as we all start to wonder, then 2. Crappy financials, then 3. Private placement at crappy prices, then 3-6 months later all of sudden fantastic news that doubled, tripled or quadrupled the stock? Look at the historical low points then look what happens 12 months later.
Deals and developments take a long time to get underway. When was the last time they told us they were in possession of a term sheet or even the types of business development activities underway that was not talking about ideas and strategies on a fancy PowerPoint but actual concrete actions? Textbook MBA strategy is like a holding a wet noodle. There had to be a term sheet for 1067 with AbbVie that came early on but did we know? No. Even disclosure of an anonymous term sheet would have been helpful. Let me guess, the term sheet said everyone had to be secret squirrel. Yeah yeah...secret squirrel.
I believe they are extraordinarily poor communicators and don't know how, or even care, to communicate the science or business development in a way that an everyday investor would understand and lead to driving a fair market valuation.
Where was the fall update? If Michelle was still there, we probably would know what is going on with 1. Anti-viral; 2. What is happening with Anti-aging follow up to their big event where they met with "strong interest" and Howard was strutting down the hallway like a lone Peacock proud of his meetings with big pharma, and 3. What can they say which would reaffirm the 1067 launch partner committment. With a little bit of reassurance we probably would be still at 13 cents and not 9 cents - not much for what we are all looking for but it would have made a difference here on the interest conversion.
How about they get off their arzes and add a few independent board members to start.
IMHO
There are a few scientific minded posters here, but few that can match science with business, and 99.9% of investors don't really know, for better or worse, the value of the science.