Hi dave, all of this would be half way palatable if WP had some measure of credibility, internal valuation of this company should now be what?, taking into account the figure WP mentions over a year ago, add all the funding that has been spent in this time period, and add all the sp ‘sensitive’ Ann’s / IP progress in that period.
Way too much spiel that does not reflect in a positive sentiment, or RI interest or in any decent sp appreciation or any interested parties offering that ‘inadequate’ billion dollars plus to acquire the Company.
Thought the lesson of announcing that ‘No more CRs’ and the failure to follow up would be a huge reminder in watch what you say, in the future, temper the spiel rather then make up ‘fantasy’ numbers, not fantasy?, then why the failure to achieve those numbers/ generate positive sentiment and sp appreciation?
Another red flag if the next CR has the option overhang, why does the Company have to offer this if all is so promising, is it not enough to sell a 10% swag at the current levels, buying on market would cost what?
This ‘story’ has well and truly become a grind and a repeat of this Company’s history; Continual need for CRs, dilution, unfulfilled promises and that never ending quest for a third party intervention.
Be nice to see all the above moot, and the current situation change to one of positive sentiment in the next few months, that will remain to be seen.
My opinion only.
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