RE: Lead story on Sky News9 Oct 2021 14:08
BlahBlahDoh,
If you are going to quote me, do me the courtesy of doing so accurately, and in context, thank you.
I suggested the delay in the UK government contract and other things, like fraught emotions, etc. I also told investors blamed CF. You can blame early guidance, but you ignore the fact delays are outside of the company's control, as is the timing of these delays. The facts are emotions have run high. Evidence of the complaints levelled at the company was when the SP was motoring ahead, but the protests were not. So, one of my fundamental premises stands, as does yours to a lesser degree, but that is just my opinion.
The FY report could have been more precise; CF admits this. The financial reports are aimed at the city folks that understand them, retail investors, for the most part, do not, and thus completely missed the significance of the company's progress and the small matter that CF had repeatedly warned investors the company was profitable on a monthly basis from the last Q4 if my old grey has not failed me. Many retail investors wrongly assumed this meant the company was profitable for the FY, not a period. This spooked a few - could see this on the forums and in my in-box.
The small team has a lot of plates spinning, with few hands available to keep them spinning. There appears to be a lot of work for them, all the while trying to extract value for investors with the spin-outs while also making ORPH leaner or attractive for a trade sale or NASDAQ. The last time I suggested this was the strategy, I was told by a certain egocentric boardroom warrior I was talking out of my ass. I guess CF is also.
Good luck.
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