RE:List goes on and onPeople are calling each other pumpers and bashers....can't we just strike middle ground here everyone?
This company has major problems in the past. I don't have faith that they are the best team to get the job done but they are the one we have. I'm here because the science, which originates with Dr. MacFarland and the trials, which are supervised by non-TLT, indpendent investigators, are very very promising.
Regarding the numbered points, there is lots of validity to some of them.
1. OSC settlement: RDW amateur hour example where he was too too optimistic about sales and aprovals. However, his settlement was milder because they noted that he never sold any shares. He wasn't pumping and running so much as bad judgement and enthusiasm.
2, 3, 4, 5, 6, 7, 8. Those of us who have read the reviews of people who have worked there, RDW is a control freak and was never letting anyone do anything with company even if he wasn't CEO for 5 year. I'd like to believe the turnover is because he is a bad boss, which is a problem, but a common type in the corporate world.
9 They totally miss deadlines that they created. Also amateur hour stuff.
10. Difficulty raising funds: so many reasons for this I guess. Being Canadian, on TSX venture, having the CEO's bad rep with OSC etc. Further evidence of poor leadership.
11. This one is tricky. Hard to know the science and whose fault it was. I don't hold this against TLT because this is so new, mistakes can happen.
12. From talking to someone else who chatted with RDW, the FDA wants 18m confirmation that the fourteen CR patients are still CR and want a central pathologist to confirm no cancer on the samples for those same 14. That explains the BTD evolution. Still slow and disappointing.
13. Agreed. Way way slow on the GBM work.
14. Viral is done. This is never going to be a money earning thing people. It may evolve but not in some cash cow way.
15. agree. updates nice but they have no money so no one is surprised that new work on next generation agents hasn't happened.
RDW and team had the smarts to evolve this in the first place. Not many physiotherapy laser companies are led by people that think about oncology. Not many oncology companies have any interest or knowledge about lasers. So TLT will forever be the respected by me for this. Plus they found an applicable cancer that doesn't need a phase 3 trial and is common enough to earn money in the medium term. They did well by that.
RDW and team don't have the leadership style or management skill to do any of this well. But like I said, they are the team that we have. I don't think there is anything malicious or corrupt about anything they have done. Just bland dysfunction.
As it is we have 1.5 m more in cash and will almost certainly get BTD. Things will progress. There is no pile of 0.22 shares about to be dumped on the open market so the price will drift up.
As a personal comment, there is a teenager on my street who is slowly dying of a cancer growing out of their face. It is tragic to see. I looked it up and it is rare but incredibly avid to iron. Which means it will take up TLD-1433 well. It is superficial so xray activation will work well. None of the umpteen cancer therapies she has tried is working. That is the true big picture for me for TLT. Using cancers' love of iron to take up the TLD-1433 and trojan horse the sh#t out of it. Will take time to get there but that potential is way more exciting than anything we have heard so far.
So ya, can we find some happy medium between bashing and fawning? That would be nice.
(sorry about the essay)