Given sentiment (or the lack of it) there may be a case for dealing with all short term bad news asap. The sooner they clear away the issue of funding the better. He seems to have navigated himself into a complete mess and is now locked down by share price held back by funding and few investors seeing the need to invest. Even good news will not take this share higher in the short term.
Yes, i thought it was insightful. He was candid. He's also very well briefed with regards to Private Investor concerns and comments. Investco and IP Group (IP being huge in Pharma investments) think he can deliver - as well as new and existing Orph Institutions. Those individuals framing Cathal as an Irishman with gift of the gab are IMO significantly underestimating his substance and ability to deliver.
Huge plus that Investco and IP Group are sticking with new management and supporting turnaround & sale plan. Newsflow incoming (in weeks, not months)! We're fortunate that Jupiter and weak hvivo holders are baling now before contract newsflow. Momentum and sentiment should be Orphs friend in 2020.
Can you hear the stampede of institutions and James advisors rushing to load up on BIDS at these prices? No? I recall Draper's statement of Bidstack ".....the de facto destination for global digital advertisers to buy in-game advertising." Does anyone, anywhere believe him? (:
RNS - New Supply and License Agreements with New Wave12 Feb 2020 07:29
Itaconix is pleased to announce that it has extended its commercial relationship with New Wave Global Services Inc. ("New Wave"), a leading North American detergent supplier, with a licensing agreement for a new dishwashing detergent formulation and a supply agreement to support the growth in the Company's polymer volumes used in New Wave products.
The new dishwashing formulation is based on the new Itaconix® TSI™ 322 detergent polymer which the Company introduced last month. In December 2018, Itaconix announced a license agreement with New Wave for a new triple-chamber dishwashing detergent pod based on Itaconix® CHT™ 122. New Wave has gained new accounts and grown its volumes, with the formula now used in private label brands at retailers throughout North America. The new formulation offers New Wave additional competitive advantages available with Itaconix® TSI™ 322. Roll-out into an expanded customer base for New Wave is expected to commence later in 2020.
The supply agreement provides New Wave with certainty on the pricing and supply of up to 1,000,000 lbs. of the Company's detergent polymers over the next two years as New Wave volumes are expected to ramp-up from both existing and new customers.
John R. Shaw, CEO of Itaconix, stated: "We look forward to accelerating our work with New Wave on the opportunities ahead for a new generation of dishwashing detergents. With these agreements and other prospects providing a strong pipeline, I am excited about our growth trajectory and broader recognition our polymers are gaining as key differentiating ingredients in major consumer products."