Hi DV, agree with the your comment on AI, that said it is nearly 2 years plus that this has been ‘dropped’, and the drain on funds for that ceased.
As you will no doubt know, the further advanced it is the more worth, failure to obtain a partner early on finally put paid to that.
In regards to your comment ‘The CEO can’t know all of what makes the market murky ...’ one;
WP is not a ‘newbie’, come with a pretty impressive background, and, imo, would/should be quite knowledgeable on ‘how purchasing is done, old boys networks’ etc etc scene and time frames in regards to approvals for IP.
What has given RIs angst, and rightly so imo, has been several calls that he has made; never missed a forecast, We know down to every hospital what is being sold, never had a crisis, talk of being bankable, super positive tweets etc etc, most remiss was the call NO more CRs, why would anyone go out on a limb and say something like that knowing full well the nature of spec companies utter reliance on CRs.
Buck stops at the top, and naturally when it is turning to shite accountability is asked for, (not necessarily being sacked).
Legacy issues should be well in the past now, CodeRed, new BOD, growing revenue, TAVR and sp in the 30 cent range should have been the turn around.
Where did the strategy go wrong, trying to run before you could walk maybe, that Ratty and Minderoo left the building may be because they saw a heap more pain before gain, who sells out if things on the up and up?
I really believe WP may have been out of his depth, he did say himself it was more than he expected to turn this around.
Not all lost we would hope, AGM, NO spill, then either a ‘rain maker’ of a deal or down the chute with a CR.
(Good luck with your procedure next week).
@caketin: lol, did ride once with a ‘outlaw band’
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