Post by
vega509 on Jul 29, 2016 7:20pm
and this weeks imminent news was ........
......... same as last weeks, crickets.
time for a reality check, if shareholders do not demand the status of this company from management, management will continue to collect fat paychecks until there is nothing left for the shareholders who have provided the money.
if Telesta were for sale, being it is a small company, a deal could have been done long before now.
with a five year window on FDA approval to complete a phase III trial TST's value is greatly diminished.
we have a state of the art manufacturing facility that is sitting virtually idle.
cash is burning each and every month nothing is done.
management has taken no responsibility for the November and February failures with the FDA.
it is far beyond time to demand management either inform shareholders of what is or is not being done, and justify their position, their secrecy and their renumeration, before we are left with nothing but useless paper.
Comment by
Biofinder on Jul 29, 2016 7:33pm
All true, and I'm not one to argue with the truth. More than 5 months have passed since the February FDA failure and we, the shareholders, still don't know which direction the management is taking this company; management treats us like mushrooms, we're left in the dark and feed sh*t.