It's the principle of it, using timelines in presentations means investors allocate funds based on those facts and as in any job if you don't hit those milestones you should atleast provide an update as to when you expect it to be completed if that date moves...not just let it pass.
Agree the company has done well so far and nobody is calling for their heads as they have runs on the board, but you can still communicate with shareholders - otherwise don't have shareholders if you don't like it.
Let's just hope there's a rocket ship that comes out of the sky sooner or later, we all know Bio Techs with little SOI can go 100%+ in a day so we'll aim for that.
The only other thing I can think of is it they trade sale this before they even get to trial, that was mentioned in one of the FiftyOne Capital podcasts and mentioned in all of their Presentations. If it were, you'd expect it to be well north of the $2 high that was reached.
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Shanthar Pathmanathan, MD
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