They could have cut the data and presented it much earlier if it was groundbreaking. Some diehard rampers here suggest that the time and cost involved in a data cut is prohibitive and that's why they won't; I disagree.
If the data was amazing, beautiful, whatever label LC likes to continually assign this mythical data, an earlier cut and release would have caused:
share price appreciation keeping current shareholders happy, attracting new ones, and providing a platform to raise capital with better terms and less dilution instead of what we got.
Less or no reputational harm to the company and its current leadership.
BP interest.
Instead, we have a share price that's about to hit the 2c range (95% down from ATH), we can't raise capital aside from the very risky and weak W/CN deal, and PH/LC are on borrowed time (they should have been gone a year ago!). IMUs reputation is in tatters.
I challenge any ramper here to explain to me why, in light of the company's situation, that if we had BEAUTIFUL, AMAZING data, that PH/LC have chosen to sit on it and watch everything burn down around them?
I'm starting to think that the quality of data waiting in the wings just isn't that good or certainly not good enough to live up to the hyped expectation that rampers here have created.
IMU Price at posting:
3.1¢ Sentiment: None Disclosure: Held
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