RE:Cytodyn letter to shareholders-putting -surprising candor While I dont expect THTX to copy cat this message a good way to start the healing process would be to describe what went wrong take full responsibilty .I think the initial bad call was the Convert more than 5 years ago and the inability to lessen the impact of having to re imburse the Convert other than hoping to win the lottery .... Instead we got shellshscked by the Marathon awfull deal which was the trigger of last week 'svery dilutive Financing ...
I also think that the Purchase of Katana i.e the lottery ticket without having neither the cash nor the know how to properly carry this very risk endeavour is a center piece of the failed strategy
Paul and the whole BOD apparently were not able to see the warning signs early enough ....if they knew then they did not take the necessary measures to avoid a 90% drop in the SP
Confidence needs to be restored... If that happens then we stand a chance to make money
Finally I hope as a starter that the guidance for the current fiscal year revenue will be met with 3 weeks to go