Yes there is something that just doesn't fit right with the whole thing - what happened ?
Look at the recent developments or lack of -
> the "breakthrough" presentations and data where delivered although very little flow on effect if any was seen.
> Janssen extend collaboration
> Queensland University grant and collaboration
YET 2 weeks later the two most senior directors CEO & CFO are either demoted & removed or resign ?
CEO & founder is sent back to the lab with this comment from the chairman "we are eager to work with him to find the optimal role for him going forward.
CFO voluntarily resigns effective immediately.
So what could of happened ?
Something happened overseas in the 2 weeks prior ?
The fact no deal had been secured for over 18 months despite the previous guidance was enough ? Although I highly doubt the board would of acted in that fashion. All prospective deals fell through despite the talk of long lines ?
They know they are about to deliver a quarterly with very scant cash so are preparing ahead of the release ?
Again overseas following the presentations Hopkins was accelerated to head of the table as Janssen was coming to the crux ?
Scant cash means pay cuts to those on the higher bracket ie. NW PW and they weren't prepared to take them ?
Who knows list could go on but that development certainly leaves alot of unanswered questions ?
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