Was The Appointment of a DEPO Director Done in a Moment's Notice?
The very best to Mr. P. Thank you, sir.
Possibly this was a 'take the weekend to think it over' situation that followed some kind of confrontation with BOD last week?
So many unknowns right now -- to me it doesn't feel like a buyout is likely although I bought more buyout insurance with September 9 calls today. A disagreement over "strategic vision" as RTK suggested seems more likely to me. Maybe the BOD wanted a more aggressive/less risk-averse approach to marketing Gralise. In the CC, Schoeneck talked about Gralise being the "catalyst" for "near term growth." How near is near term? What about the possibility of Depo purchasing a company for its sales force? Possibly paid for in part with a share offering? Who knows...
My guess is that there's a sizable contingent on the Board that recognize, rightly, that building a sales force from scratch is not an easy process. I think this is a victory for the group that wants to see DEPO sold and not become a do-it-yourselfer. What's best for shareholders? Who knows, but building an in-house sales and marketing force takes a lot of time. I think a lot of people don't want to see their money frittered away. I hope they're right.