RE: Strategic Update8 Oct 2020 08:30
Good post Kit. Sums up the situation well and highlights the lack of clarity in direction.
Agree with you point 4, and I am holding for the same reasons.
“4. From an investment perspective, its still a hold (I think!) :) mainly due to the product potential and current market conditions- lets see how Q4 plays out. Criteria:
- Product - Excellent - Potentially world class, especially 002
- Market Conditions - Excellent- In the current climate, there is/would be serious demand for this type of drug
- Finance Structure / Cash Burn - Average/Ok - Two placings in less than 12 months. not great
- Management - Poor - Many changes in Board, significant milestones not met - YET!”