Post by slugworth008 on Jan 14, 2016 5:45:52 GMT -5
Matt sounded more comfortable in the CEO seat - I think his natural tendency is to communicate, but previously as CFO AND being stuck in a highly confidential arrangement with Sanofi he was not able to speak directly or in the manner he wished. Yesterday seemed a more natural flow - he was telling investors about things they have been asking about, AND he was telling them without SPIN (IMHO).
For example, and I didnt see this highlighted in the previous summaries (my bad if I missed it), he discussed how the retention rate was lower than expected. Any previous call would have been "we continue to see encouraging signs that ...". In this call he just said it was lower, and then talked about how they were going to improve it.
I also feel there was a 180 degree change in how investors were viewed. Previously, no info, unclear info, ... (all that has been covered). Now he even said he wanted to have an ADDITIONAL call before the next earnings call to make sure investors are up to speed. Also, he also said that his goal is to increase investor confidence so that if selling shares is needed for funding it is at a higher PPS (well, I think I read into his comments a bit, but that is how I remember it)
We have such a long way to go to get the company valuation up to a more acceptable level, but I feel more positive than probably since FDA approval.
I can see:
- there is not much more downside from here for shorts to gain from
- Matt's communication style/approach is more difficult for a short to take advantage of than Hakan's
- a path forward is being communicated
- we arent stuck under Sanofi (and their 20 drug rollout clusterf*ck)
- there is such a high level of accumulated tax losses that somebody should be able to benefit from that should form a floor to the share value
I believe the stock was at 1.50 PPS the day of the Sanofi letter.... I wonder what it will take to get back to and above that? Hopefully the TS licensing deal that Matt is keen to announce will get us back and above that threshold!
Good luck!
dt