RE: Cash Situation28 Jun 2022 23:31
AB - I get your point about where the BoD are going - its nice to know from an investors point of view but think of this as a poker game - you've just flopped a royal Flush - you know you can't lose (lets say LD has a pretty good idea that the trials are going to be successful) - what do you do? Do you go all in (publicise your strategy), in which case the remaining players may just fold and you win very little or do you wait and see what others do ahead of you? Your aim is to extract the maximum amount of money from those around the table. You keep your options open - you've a pretty good idea how the other players play, so you keep your cards close to your chest. That is exactly what LD will be doing - she knows the market and I'm sure she/the BoD will be in regular discussions with Biotechs etc. and they will have a pretty good idea of what is needed and will make a judgement accordingly.
Lets face it, private investors will never get close to what strategy the BoD are pursuing but you can bet your bottom dollar that Vulpes/Redmile WILL be and may well be providing input into what direction to take.
FWIW I'm not worried at all - I know there have been false dawns before but I think, for anyone still following the (cr@p I know) poker analogy, the river card will soon be shown and the pot will be there for the taking.
All IMHO, DYOR , GL etc etc etc