Post by
SPCEO1 on Jan 24, 2022 2:00pm
Feedback from today's Meeting with Large Shareholders
The two large shareholders that met with the CEO, CFO and CMO today are seasoned investment industry veterans who are not easily impressed. I am happy to report they came away from today's meetings very encouraged by what they heard. On a scale of 1 to 10, they put the meeting at a 9+. They are very knowledgeable about TH and therefore, the conversation they had with management was very substantive. I am pretty sure that any of us here would have been pretty happy with the way they conducted the meeting and the questions and issues that arose.
There has been some concern that TH was about to reset expectations on the phase 1a trial. That is not what they did at all. Instead, they acknowledged the trial is running longer than initally expected but stated this is not the result of any big problem in the trial. They expressed that they were very happy with the 1a and left the impression that the results were not as far off as some here may have feared. Naturally, they said nothing about efficacy but were clearly upbeat and confident about how things were going in cancer. The phase 1a trial will be followed very quickly by the phase 1b so there will not apparently be a lot of time, if any, between the two phases of the trial.
On NASH, the impression was that the situation is not as dead in the water as it appears. I imagine we will believe it when we see it when it comes to NASH but they think they have a really good drug for NASH and are determined to run the phase III in a way that does not blow up shareholders while financing it. The impression was the alternate means of financing it are
not just a pipe dream.
There is a decent chance we have a new IR person at THTX soon as final interviews are happening soon.
TH apparently did participate in some way at the virtual JP Morgan conference in early January and had a lot of meetings with institutional investors. It sounded like they were getting closer with JP Morgan as well so perhaps any future offering might be done via JPM??? At the same time, they claim no new financing is contemplated at the moment, but basically all management teams say that.
They confirmed getting Dr. Rothenberg on board was a real coup. I really think this is one of the most important developments at TH recently and it was buried in the last quarter's press release and ignored by the market.
While the company went silent on us for a very long time and the new corporate presentation left the impression nothing much is going on at TH, my friends walked away from the meeting today believing a lot is going on and that it can't be too much longer before all that TH has been working on starts generating actual news.
They even talked about the climate change article and Paul indicated the newspaper has a reporter they want to have on the company's side, so they are willing to do such fluff pieces in order to build a relationship with them.
Comment by
longterm56 on Jan 24, 2022 2:10pm
Thanks for the update, SPCEO. THTX started trading positive for the day 8 minutes after you posted this. I think more read this board than we think ;) -LT
Comment by
palinc2000 on Jan 24, 2022 2:16pm
Did they talk at all about sales?
Comment by
SPCEO1 on Jan 24, 2022 2:20pm
If they did, they did not report that to me. I think my friends view the sales of Trogarzo and Egrifta as pretty irrelevant to why they are currently holding the stock.
Comment by
palinc2000 on Jan 24, 2022 3:24pm
Not adressing the revenur line in the Income Statement means that they did not adress the bottom line and I guess anything in between ......AND yet they came out with a 9 plus Rating,,,,,I am flabbergasted!!!
Comment by
SPCEO1 on Jan 24, 2022 3:37pm
They may ahve but they just did not brief me on it. But, seriously, current and near future sales and earnings from Egrifta and Trogarzo are unlikely to be big drivers for this stock unless they fall apart unexpectedly. So, I think theyspent their limited time with management wisely.
Comment by
palinc2000 on Jan 24, 2022 3:48pm
THTX at this time does not have the means of its ambitions,,,,Revenue increase is ONE of the means UNDER the Control of management,,,So we will hold managemement accountable for what happens to a human body once a new peptide is injected inside the human body but not for executing in the operating side of the business,,,,,Whew!!
Comment by
stockman75 on Jan 24, 2022 3:53pm
Sounds like from the meeting it is all "puppy dogs and rainbows". sounds wonderful but hard not to be skeptical. yes I have great thera fatigue but still hanging on and dreaming...
Comment by
SPCEO1 on Jan 24, 2022 4:23pm
How much did National Bank pick up? I assume this was a filing with Sedar as Bloomberg has not picked it up (Bloomberg picks up the SEC filings right away).
Comment by
jfm1330 on Jan 24, 2022 2:39pm
Thanks for the info. Glad to read that.
Comment by
jfm1330 on Jan 24, 2022 2:54pm
If you are against fighting climate change and vaccinating the planet you are living in an alternate reality. This has nothing to do with a woke agenda, virtue signalling or extreme left. This is just science based realism. It just proves that our CEO is sane.
Comment by
qwerty22 on Jan 24, 2022 3:37pm
Climate models don't tell us the problem is over-consumption, that's mis-use of science. Still for the majority of the world under-consumption is the pressing issue, the science tells us that but I guess it all depends which science you choose to look at and which problems you prioritize.
Comment by
SABBOBCAT on Jan 24, 2022 4:00pm
I never said I was against either. But what do you think PL is paid to do? Hold the gov't accountable for their covid response and climate initives? I was unaware that was in his job description lol. If he wants to do it as a private citizen I am all for it, but not as our CEO
Comment by
SPCEO1 on Jan 24, 2022 4:20pm
I am with Sabbocat on this. Paul has more relevant things to attend to as CEO of TH. People who have much greater expertise on the subject matter should weigh in and he should leave it to them.
Comment by
palinc2000 on Jan 24, 2022 6:17pm
Who needs the Quebec Govt? https://www.reuters.com/article/idCNFWN191058
Comment by
archeo753 on Jan 24, 2022 3:13pm
Thank you for posting this update.
Comment by
jeffm34 on Jan 24, 2022 3:29pm
So what exactly then was the point of these meetings that could not have been accomplished with a phone call or better yet a news release to update everybody on what's going on? Instead we'll fly everybody out for a road trip. Doesn't sound all that environmentally friendly to me. Another case of do as I say not as I do.
Comment by
SPCEO1 on Jan 24, 2022 3:41pm
Good point! Having a virtual call with all shareholders invited could have been done and saved the planet too. I don't think a PR could have possibly covered all the ground they covered this morning though. But I would have been in favor of a shareholder virtual call with an open floor for questions.