Or are you wondering why are they not looking at PSDV's tech platform?
Are you in bed with the management? Or are you the management? CEO Pay seems to have become a big issue now?
My bashing is not going to delay anything. He or anyone on the board cannot delay releasing material information beyond a reasonable time-frame. It would be highly unethical as well as illegal.
And I am not bashing, I am asking questions that every shareholder needs to ask the management.
They have promised a lot in the last 2 years and delivered nothing, investors have been nothing but patient. I did not start getting vocal until about a year ago. I just added more shares because I did believe during that period.
During the period the stock has virtually done nothing, in the meantime the Co. insiders have been patting themselves on each other's backs and giving themselves free shares in terms of stock options. Co. stock which they gladly sell as soon as they can, this is not their personal ATM.
Besides Pfe which is also dragging their feet, HSS is the only evaluation they have issued a PR about but no IND yet. Whatever happened to the "undisclosed" Co evaluating Tethadur? How long are they going to remain "undisclosed" or have they dropped the project?
Finally, if they do a deal the magnitude of the upfront cash will demonstrate the magnitude of the market and the deal.Hopefully it will be a meaningful deal, but at this stage it does not look like anyone is lining up to license the technology as a result they are unable to announce a deal, I suspect the money well is dry and a deal for the sake of making a deal does not make sense.
Fiscally conservative management style looks and sounds great, but it works for the management team which uses the Co. as their ATM, it only profits them, while they are waiting they can keep milking the cash cow. An aggressive management team would move the pipeline ahead on their own. After PII results assuming there is promise the buyers will start to line up and clear the path for a deal.
Mgmt. needs to start working for the shareholders, stop price will take care of itself.
Only institutional investors and investors holding more than 5% outstanding need to disclose. I am sure you knew it all along right? Did you read the list 300K shares puts you up there and it is only 1%. So whats your point? 300K shares at $4 is 1.2M it is not really that big an investment but you can count chump change and think you know all there is to this Co and have insider information. You are the joke.
Not without losing a bunch of money. I never said I had 2M shares- you do not seem to be able to read how many shares are required to be in the top 5 holders.
Who's the goof?
What happened to all the cheering? Silence here is deafening just as the interest in this stock. Mgmt sleeps, so the cheer leaders do the same and new interest in the stock is non existent. Whatever happened to the deals we were to sign, 2013 came and went by and not it looks 2014 will slip away in the silence.
I am still here - sucks.
I have enough shares to be in the top 4 major investors of the Co. So Sum The Forces Up. You probably bought a few thousand shares in the 50c -$1 and think you know it all. And no, I don't think it is about me, it is about the shareholders of this Co and how their money is utilized or wasted and the power of the CEO's office is abusing the cash in hand. There is absolutely no justification of giving these guys any stock based comp. because they tend to hold nothing. They are as bad as Lynn Parshall of Isis Pharma from the days back when she was CFO. If the CFO keeps selling everything she gets, what confidence does she show in the Co? Same questions is valid to these insiders who automatically keep selling everything. Stock based Comp. is not meant for the insiders to get paid bonuses regardless of how the Co. performs, it is not like they are taking $1 salary until they can show growth in this Co. Even Steve Jobs was an #$%$ who stole from Apple by backdating his stock options.
CEOs have no conscience they think it is Con Science. Cheerleader investors like you is the reason they get away with the loot. Go give them a P-S-D-V-I-S-A-S-H-T-O-N.....
LOL - I am not here to make friends. I dont care what people think or say. I care about how much money I can make and at the moment because of lame management and their dumb PRs I am not making any money so I have a beef with the management. You want to wrong me on that be my guest, as I said I do not care about you being my friend. I have lots of them. You want to be my enemy that is fine too, I have lots of them as well. I question when they are warranted, you drink whatever they will offer you and get high on what you perceive they said and what you think they mean and they will do. I want actions they have had enough time to play with words. First thing they need to stop bleeding the Co. with their stock option grants. They do not care to hold so they keep diluting the shareholders. Worst part is it should be a performance based comp. the Co. is not performing so there should be no bonuses.
Start with their bonuses first do you think they are justified in taking home anything that closely resembles 10-15% of the cash position of the Co? Where is the passion in you, where is the fire - why this is not a concern to you? You are either one of them or one of them wanna be.... either ways you are a waste of time if all you can do is defend them and restate what they have stated.... We do not need regurgitated news from you. We all can read and we all have brains to understand and digest. Some are vocal like me, others think it wont make a difference so they are silent - does not mean they agree with how the management is stealing the shareholders blind.
If the cash of 63M is sufficient to see through the remainder of the trials why raise additional 16M?
lol I will be here long enough to be a thorn in Dr. Ashton's heels. Stop wasting your time on why I am here. I am here because I am. Doosh or whatever does not matter to me. My money and lots of it are invested in this Co. I need to see the Co. doing everything it can to help my money grow. I am not in love with the products, or the Co. or Dr. Ashton neither do I hate anything. I just want to see the Co. and its products reach their potential as soon as they can and Dr. Ashton and anyone else in the way to making that happen is a hurdle that needs to be removed must be removed. Simple as that - you cannot understand do you? No, dont show me the pie in the sky - tell me what it is that the Co. can do today and do deals which bring money and lots of it aka ISIS kind money and that will keep me happy. Dr. Ashton is smoking dope, dreaming and speaks in a funny accent which I dont know where he acquired from - he seems to be an American from birth whats with the stupid accent?
Seriously, the Co. had to issues a lame PR like 2 tech "paid" tech evaluations no Co. name and no indication of the disease. HFC or Who Tried Farting #$%$) besides Dr. Ashton? It is time to start being a LOT more specifics and spell out the numbers in the deals larger the better? Or Don't you get it? May be you will get it - the axe I mean.
So now you peddle his background? He has been working on several generations of the platform - no one denies it. Thank you for letting me know he is a Phd .in Pharmacology, I was under the impression he was an MD PhD. Wonder why Roche never thought of buying what he was selling? Roche ---- Genentech ----- biologics...... lol...they thought pie in the sky? So, he started CDS and it took him 9 years to sell it to PSDV.Dr. Ashton is like a little child, he is jumping the gun and saying he has something for Osteoarthritis - we are in pre-clinical studies. I have Osteoarthritis in both my knees I play tennis I know the pain and suffering, but I also wonder if the drug can be safely be delivered in micro doses for a sustained period of time in the joint where it is needed. Would my weight and my active lifestyle hamper or crush he nano structure? Would microdoses of a steroid help or are larger doses required? Would it accelerate the need for surgery because corticosteroids will mask the fact that I am losing or have lost considerable cartilage and was pain free but did my joint more damage in the process. Under normal circumstances 10-15 years is when surgery may be warranted. Is there data on how long before surgery is required if tethadur was used? Bottom line there is no data yet. It is far from a viable candidate and we are over promising the usefulness of the platform to the investors, street and the patients. Ever think why corticosteroids for CTS and tennis elbow patients end up hurting more than helping? Is this going to be similar? What is the drug-drug interaction of Synovial fluid injections to corticosteroids? Finally, is this going to be better than getting synovial fluid shots? Whatever commercial names are available for the lube jobs. Bottom line is it is too early and still everyone is led to believe we are close to getting a marketable drug. Ask Bev to ask Dr. Ashton without any BS and maye be and hopefully etc. when can it be in market?
How many years does it take "BUGS" to get worked out? Basically, it is like Paul telling you I have a rocket which can take you to Jupiter and back and we will have our first mission in 6 months..... clock ticks and he says, we are almost there we have some issues with the engine, needs a redesign..... tick-tock tick tock... few more months pass by and now he has another excuse about how to communicate with the rocket so far from earth - minor issue we will work this out.... few more years.... we are almost ready to blast off.... but we need to figure out how much fuel we need to get to Jupiter and back...... we need to perform some tests to see if this will work as I originally hoped. But we have had the rocket to take you to Jupiter and back for nearly 10 years now..... we just ran into some minor issues. That is what BUGS sound like to me. He is a manipulator at best or has been dishonest with the shareholders - either ways does not help anyone but him and his partners who "earn" stock based compensation at the cost of a tiny Co. which has 31M in cash and loses money since bonuses have to be paid for the rocket which will eventually take you to Jupiter.
BTW - if you happen to know his email address why dont you ask him to read my messages and better yet ask him to contact me through Bev. She knows who I am and how to get hold of me. I should have met him in LV when he was visiting, I had other plans - which I had changed them. I would have known the lies when I looked at him in the eye and asked him about how far is the rocket to Jupiter. Everything thing in the pipeline is a rocket to Jupiter or Mars.
Stop asking me why I own this stock. It is non of your business. As for Paul or Bev. Bev already knows what I feel about the management. You think it changes anything.
You and other longs get upset with me and a few others who post to point out the facts - ever question why this Co. is not doing well despite some positives?
Instead you and the other cheerleaders will question me Why I am here or Why I am long? I have a lot to gain or lose from this investment - so stop asking me why. Ask Paul and his crew who are driving the stock down to nothing. Why is Paul still here is the question you should be asking.
Instead you will ask why I am here, or why FDA is doing what it is doing to PSDV ..... Paul needs a fork up his behind and turned in..... it is not a few investors here or FDA or the world is against PSDV it is Paul and his teams incompetence and he is not coming clean with you but you seem to be too happy to defend him - getting paid by him? Or are you Bev?
I agree and have been saying this for a long time. Here are my justifications:
a) They knew about FDA needing a second trial for a few months but decided not to disclose.
Time to set up a 150 patient trial in India which is ready to enroll implies the Co. had known for some time.
b) They should have known the sample size for a single PIII would have been too small to prove efficacy - even if the drug is already being used and the insert is being used for a different indication.
Rookie mistake has cost the Co. approx. 1 year of delay. In the time spend speaking with FDA, preparing for the presentation etc. they would have been 1/2 way through a different trial. 150 patient or 300 patient trial cost is not significant.
c) If they are so concerned about creating shareholder value - why keep dipping in the dwindling cash for stock based comp. For a Co. with 31M in cash - how much is too much SBC?
d) Why so slow in pushing other drugs in the pipeline. Pfizer in particular PII would bring in 20M - I do not suppose a PII can cost north of $20M. Basically, the impact of a PII is immaterial to the cash position of 31M. If at all, PSDV might be able to earn and retain some of the 20M for other trials.
e) Tethadur progress or lack of is mind blowing. Co. has not been able to get a single Co. to come license the technology - its been nearly 2 years now - what are they hatching? Possibly Dr. Ashton and crew over promised the technology was not ready but they announced it and now the shareholder's expectations are pie in the sky. Again, management has no clue how to under promise and over deliver or at best manage shareholder expectations.
Enough, I think I make sufficient points.....
Did you ever think and ask Dr. Ashton if there is sufficient efficacy data for Medidur Uveitis to justify an approval? Dr. Ashton has not been honest and straight forward with the shareholders. Even if the drug is the same and it is the same insert the only thing you can use from Illuvien trial is the safety data. Sorry nice try but #$%$ dont fly at FDA.