RE: Setbacks12 Apr 2022 12:46
I agree, expected timelines are very important.
The company has pushed back promises to deliver a complete data package (which should have been ready in December) using very loose revised estimates: "early 2022". As usual, they are now pushing this to the wire. This damages investor confidence and makes people wonder if they are actually concealing something about that data.
The same situation applies to the BDD recruitment. They announce they are recruiting someone independently and then do something completely different (outsource the role to DG). What next, outsource the CEO role too?
It gives the impression that there is no real plan and that they are just flying by the seat of their pants all the time.
I'd bet that if they'd have successfully completed the data package earlier then we wouldn't be in a position where Lanstead could end up offloading shares at ridiculous price compared the terms that the deal was arranged under.
This position feels very exposed. It's way past time that we had some stability starting to appear. I thought AR said we were in safe hands when Brindley left. Prove it.