RE: Ruck28 May 2020 09:16
C7, thanks for the comprehensive response.
I’ve never blamed the board solely for where we are. Could they have done things differently - yes. Might doing things differently have yielded better results - possibly not.
The fact is, this isn’t like an episode of the apprentice where the teams are given a fairly simple eminently doable task. The success or failure is entirely down to their competence or incompetence. Biotech is far more complex, the human body is infinitely complex and the approaches to fixing it equally complex. There are obstacles that could not be foreseen, regulatory considerations and in some cases just plain bad luck.
If we want to apportion blame, we should blame ourselves for our distorted expectations- we all thought we would make a lot more money a lot quicker. This fact alone is the main driver of board criticism in my view. We didn’t realise the enormous cost of developing one drug let alone 6 or 7.
I have to put you straight on your comment of “ the constant bleatings on ADVFN of the BODs incompetence” - there aren’t any. There is the odd comment, but no more and no less than the odd comment here. Panama (who I met at lithe AGM) was the most vociferous but he hasn’t posted for many weeks, I just hope he is OK. Still, as you don’t visit, you were not to know that.
Well, I have restored my 1 year older than you status today, so go easy!