It has become crystal clear who was responsible for the great dividends over the years and it wasn't Denahan. She was way over paid relative to her contribution in my opinion. Michael Farrill was responsible for the high reputation of NLY. And now that he is gone, Denahan wants to become part of an external mgt group to hide her salary. What an anti-shareholder proposal. There will still be the same people running things but with their excessive salaries not available to shareholders. Vote against this proposal!
The story is a blood expander with HES can cause problems for patients with low blood pressure. This should be obvious to doctors. This is not a big product for BTX and how many patients have low blood pressure?
Actually, I think you're right! I think Michael West is very smart in this area. But this is a world-wide research effort and knowing what all players are doing is not possible. Why do you think BTX is ahead in the game?