1 day to goWell yesterdays bump was short lived. February 28th today and again no news. Only 1 day left in February to announce 1st dosing and if I was a betting man it doesn't happen.
Something not adding up here. Where is the revised February first dosing? Why have we not been updated?
Management has yet to even announce sites for Turkey or Canada, or if they have I did not see that information?
Are we even actively recruiting? I suspect we first need to get sites and doctors on board.
I have a strong gut feeling we will not announce 1st dosing which will be pushed out further again. That would be terrible and damaging for corporate credibility. This should really make Raymond James analyst bullish.
Management has until tomorrow to hit their announced date or will they fumble the ball again.
Yesterday news was a pleasant surprise but it was also "Pre IND" meeting and we are looking at summer potential commencement but one can only take managements comments about commencement dates with a grain of salt.
Management mentioned that this IND phase trial for cilastatin in toxin related AKI will commence along side the New phase 2 AKI trial announced for Turkey and Canada. Now reading the tea leaves are they covertly stating the current AKI trial is being delayed until the summer. I am not sure but its not looking good for February first dosing.
If past news releases are any indication this IND commencement will be many months later and potentially not starting until 2025 based on past performance with achieving announced dates.
I am bullish and long this stock but management keeps dropping the ball in my opinion.
I am starting to feel yesterday's news release was fluff and was to distract shareholders regarding another delay coming with Turkey first dosing. Communication with this management team is terrible. If we had institutions invested they would likely have a board position and would keep management accountable.
Frudtration is really settling in here for me.