Unpopular Opinion3 Mar 2021 08:52
Right Place Right Time BUT Cathal doesn't seem to be making the most of the unique situation we as a company find ourselves in. Sure he talks the talk but recently he's not backing up anything anymore, im at the point now where as much as I've been impressed with CF and his presentations (and I've just watched his last 6 from September) I'm beginning to question if he's slowly becoming the ever so common 'jam tomorrow' AIM leader, all of these exciting hints and statements that don't actually eventuate to anything is frustrating.
People seem to be in love with him and therefore overlook things he's not delivering on or misses timelines he sets out, then attack anyone who dare voice their concerns, that said though there's a few things that I would like addressed at some point:
* The last HVIVO contract RNS was November (quite a while ago)
* Chinese were supposedly interested in buying CHIMS/buying a stake
* Where is this 'Strategic Investor' that was mentioned?
* Why arent any Institutions investing in Orph? Surely they see the opportunity?
* Last year and said Invesco wasn't selling 'only top slicing' but we'll be waiting another 3 months for them to sell out. (It puts off any new investors)
* Imutex, why give ConservBio the reigns? (if you can't sell that in this current climate then you need to be shot were his words)
* Said once Covid challenges were approved we could fill the place 10 times over (where's number 1 then?)
* Wearables deals (now DIM) another that was first mentioned in September that we are still waiting for news of first contracts.
* Constant slipping of timelines for Non Core (its always bare with us or 3-4 weeks away then in another presentation 2 weeks later it's 1-2 months away. (This is the most frustrating one for me, don't give dates until definitely known as that sets expectations)
* Broker Notes still don't reflect any of what he says or are in his presentations.
Yes CF has been great up until now, but he's also been lucky and now is where he needs to stand up and deliver, it's our hard earned money invested here and we should be questioning these things. Nobody is perfect not even CF, so let's see where we are come April, there are rainbows out there that others are chasing, but I can't see anywhere better just yet to put my money, but if there's more of the same and still no news then I'll be tempted to look harder. I believe Orph should be much higher than it is currently and with all the news thats supposed to be 'dropping at anytime' you'd think more people would be buying in?
We arent a Covid play but remember it won't be around forever and right now we really should be making the most of the demand and World Leader status that we surely have!