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clock Created with Sketch. 21/01/24
03:27
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Originally posted by Silverchair:
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Yes, the weird newsletter doesn't instil confidence with its at times rambling discourse. I would hope to see direct, substantive communication that actually enlightens and gives confidence that things are progressing and not some cryptic reference to a running race from more than 50 years ago. In the final paragraph of the newsletter Wolgen decided to head off on a tangent about sport and business parallels. My opinion is the best way to compare CUV to sport is they are either the punching bag in Mike Tyson's gym, or any type of ball that is continually smashed, kicked or belted around as the shorters have done for many years now on a never ending daily basis. In sport one can also not continually move the goalposts, or come up with a gameplan and then not deliver on it. If the board/management of CUV want to be competitors then they can easily implement a share buyback right now to compete with the shorters as many other Pharma companies have done and are doing right now - it would only require a tiny 15% of the $160 Million cash pile they are sitting on. A share buyback done right would be very effective as the newsletter also stated it only took one institution buying a lot of shares in one month to move the share price to over $40! They never mention how the shorters marched it back down again. The share price dictates the narrative, and 5 year lows when everything else is booming (including CUV profits) and a loss making startup in Disc is valued 3 times higher than CUV, means shareholders like myself are fed up with our team not kicking goals.Paul used to say the share price is the scoreboard, our job is to execute the play on the field.
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To reiterate, the share price is where it is because the CEO wants it there. He has endless tools to show confidence to the markets and chooses not to.
(20min delay)