May 2014 CEO address.
“We expect to engage with the US FDA towards the end of this year in advance of a Phase
2 oxymorphone study in the US.”
This year meaning 2014.
But you are right HT ... it was silly of me to assume that POH were going to actually do something that they said they expected to do.
Because never once in 10 years has that been true.
POH first met with the FDA in 2004. And from that day forth they have happily tweaked their way through four patches and $150m.
In this process they have created a long line of unhappy shareholders who at some point who also believed that POH might actually do what they said they expected to do.
But theres no-one left in the line. At 3 cents a share the market is basically saying it will believe it when it sees it.
So this years CEO speech?
Does POH expect to meet the FDA towards the end of this year? This year meaning 2015. You dread how POH might go about answering that question.
Its not easy under-performing your critics. Its quite an achievement. And I suppose its at this point that a name change starts to make a lot of sense.
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