Thanks, Fish. Very helpful. I see from other comments, people will take out of it what they will. Since I find it illogical the NVIV Board would seek a CEO with a likelihood to fail, and to bankrupt the company, it seems fair (in general, and to Perrin) to assume the Board knows more about his abilities than those on this board. Unless, of course, someone here was there.
According the IR, with whom I have spoken, the "delay" in getting first patient is only a delay in investors minds. From the perspective of the doctors and NVIV, the first patient (and all subsequent), must be very carefully selected to ensure success. To do otherwise, is to introduce risk, which, well, introduces risk.
From the NVIV "criteria" posted on their site, here's what they ARE looking for, and what they are not looking for:
"Key Inclusion Criteria
1. Aged 18– 55 years
2. ASIA A traumatic spinal cord injury (T3 - T11) confirmed by neurosurgeon, occurring within past 10 days
3. Non-penetrating contusion injury no less than 4 mm diameter and limited to 2 contiguous vertebral levels
Key Exclusion Criteria
1. Incomplete spinal cord injury (ASIA B, C, D, E)
2. Terminally ill
3. Significant spinal conditions other than lesion to be treated
4. Spinal cord injury associated with traumatic brain injury
5. Subject on long term mechanical ventilation
6. Penetrating injuries
7. Radiographic evidence of parenchymal dissociation or anatomic transection where the contusion completely bridges a full cross-section of the spinal cord"
So, pretty tight criteria that seems to carry with it significant logic, Murphy.
Perrin has taken a beating for whatever he did to Conjuchem, and I've not been able to dig up any intel into what, exactly, that situation was. Others here may also not be aware. In light of recent events, which are at least the most positive events in recent months, it seems Perrin may not be the villain some have portrayed him to be for whatever happened at ConjuChem.
Yawn. I like your Smitty persona better. Less redundant. But welcome back. This board's been annoyingly informative and helpful while you've been gone.
Sure hope you're right. But nothing about NVIV, at present, seem to promise more than stopping the street from yawning for a day or two.
NVIV, you're no Tesla.
I know Miker will provide a good response, if you're around...
In some situations, there are management teams brought in to right sinking ships, to specifically fire large blocks of employees, to terminate long-standing vendor contracts, etc. Is it possible Perrin & Co. were brought in to dismantle this company?
I've seen this happen in education, where new leadership comes in with the sole purpose of cleaning house, preparing the institution for the next phase. As a team, they are hated by employees, have no desire to build relationships, have short-term contracts to get the job done, and are paid specifically to do the dirty work other leadership teams would never do, as it goes counter to their motive of building something, rather than disassembling something.
I ask this with the serious doubt (and hope) that this is the intention at NVIV, but in light of all that's going on, the nose-diving share price, etc. is this a possibility? I'm not afraid to ask potentially stupid questions...so if this is one, please say so.
That white pasty complexion typically indicates mad rage. Narcissists don't like being made to look bad. There is no end to their pursuit of revenge. In the end, though, they all fail, and when they do, they fall hard.
My take, which is based on a couple IR conversation, and some ability to filter tidbits of seemingly solid info within this board, is that management has chosen to close the doors and do what's right for the company, vs Frank's narcissistic ventures into paid advertorial "Fox news" appearances, "best company to work for" awards, while looking like (but pretending not to be) a complete #$%$ bag, in the process.
There are a lot of bright people over there in Kendall Square. I'm choosing to believe (and hope I'm right) that there was a meeting shortly after Perrin arrived, in which it was said that reporting on material events would be done as material events occurred, that the days of hype are over, and that the work, the trials, and only that, will be the focus. Film producers don't go around hyping every frame they shoot. They shoot the movie. It takes years. Their "trial" is the box office debut. It's either a hit, a flop, or usually somewhere in between...a decent flick that hopefully returns their investment, hopefully more. That's where I think this company is. Waiting ain't fun, but I don't think it indicates anything smelly going on.
As for Frank, I don't know why he's dumping, but I do know several narcissists, a couple even have a little sociopathic behaviour thrown in. Scary people. There is no limit to the pleasure they derive out of pleasing (or pleasuring) themselves. That's all I think we're dealing with here.
It's called Directors and Officers Insurance. Specifically designed to cover corps for this kind of lawsuit. It's a non event, and not a distraction.
Obviously, as an epiphany, this is solely my opinion. Having spoken a while back to IR, I was left feeling that even the best PR people can't fake positivity and the lucid, unfaltering articulation of forward direction I heard. When considering the constantly dropping share price, I realized that if I was in there shoes, I wouldn't care (short term) about the dropping price (especially if I knew why it was dropping...and that nothing could be done to stop it until a certain individual stopped his dumping), and that, ultimately, what I was working on was so great that in a year or so, it really wouldn't matter that the pps was in the pennies.
Sure hope my epiphany is prophetic.
Envy, what is the "value" of the company. Opportunity doesn't count. Patents have no value if trials fail. I've asked before what the "book value" is, and was basically told by the brighter posters here that's it's basically worthless without success of any kind...before the money runs out. What's your definition of value?
Envy, (and I ask this with all due respect), are you planning on buying 5-digit thousands of shares in the coming days? You've been urging this board to back the truck up for over a year. Certainly now must be the time to put'er in reverse. I'm waiting for it to crack .50 or (likely) below, at which point I may roll the dice one last time (my average down roll). You?
With Frank being the nuclear disaster that he is, Langer remains aligned with him via whatever arrangement he and Fallout Frank have at Pixar.
I remain concerned that Langer sees something in this guy that we don't. Might just be easy money (licenses), or might be something else. You'd think that with law suits, and now with price-dropping stock dumping, The Board would strongly urge Langer to separate his ties from Fallout Boy.