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btron3000
Posted on: Jul 2 2020, 06:07 PM


Group: Member
Posts: 8

My two cents:

I have been pro management for the simple reason that my investment has been successful so far, and the treatment is (finally) getting to many patients.

Howwever, while not informing your investors of why/why not certain steps are/are not taken is one thing, censorship is another thing entirely. A step too far for me. People have the right to talk about the company, as long as they are not spreading vicious untruths. I have not been a fan of people making assumptions about the CEO's character, but people should be able to post legitimate gripes with the company - and there are a few.

For that reason, I have registered for the new board. I hope it is objective and balanced. I fear with contents on the originallly linked page like "the publc company that doesn't want to be", "you can't handle the truth" and "would you like a condo with your implant" that it may get too negative over there towards management. If so, that will fly in the face of what people are complaining about - that they want fair and balanced facts and opinions. But, one can only see how things go.
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btron3000
Posted on: Apr 7 2020, 09:57 PM


Group: Member
Posts: 8

Take it easy brother. I probably used the wrong words - saying "I'm holding my criticism" doesn't mean I give him a pass for everything, it meant that I haven't posted my criticism on here. I did say that some criticism was not without reason. Therefore each to their own. I undertand why some people are frustrated.

But if I had to evaluate him, I'd say he's not without flaws but he got Clinuvel through the large milestones. Priority review, FDA approval, ASX200. And now, his conservative approach has set the organisation up to manage one of the worst economic downturns you're ever likely to see.

Could he have done things differently? Undoubtedly.
Would someone else have done a better job? Perhaps.

It's clear he's learnt a bit along the way, and maybe someone with a better track record of getting a product to market might have done better. But that is a "might". There are so many things that we are unable to see or predict from the outside. Maybe PW had all the staff onside? Having your team working well together can't be underestimated. Maybe a different leader might have got the drug to market more quickly but taken more risks and put the company in a difficult situation right now?

Who knows?

What we do know is that we are looking pretty good right now, given the circumstances. But it is still a crazy time out there and having positive news to back up the "April announcement" is important. That's all I meant. It doesn't mean I absolve him of some of his errors of the past, or that one communication this year will mean I "give him a pass". It just means what I said - that I would be critical if there is not positive news at this crucial time in not only the company but also the world economy.
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btron3000
Posted on: Apr 7 2020, 10:31 AM


Group: Member
Posts: 8

Ok thanks for the clarification you guys. Yeah I put the "thereabouts" in there because I wasnt sure!

So within a month or so, maybe a couple of weeks...

I hope we get some kind of update around the date - patients registered etc. - but I guess that is unlikely.
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btron3000
Posted on: Apr 7 2020, 10:13 AM


Group: Member
Posts: 8

CUV looking healthy at the moment but I will say this - there are those who have been critical of PW, and sometimes not without reason. I have preferred to hold my criticism as there is much we don't know (though that has been one of the criticisms!). However, if there are no sales on April 15 or thereabouts then he deserves criticism.

All that is needed is a few people who were in the trials to be first across the line on the "opening day" and it's looking good. If a communication can go out "first US sales", regardless of whether it is 200 or 2, then that is gonna keep the positivity in the stock right up there.
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btron3000
Posted on: Mar 24 2020, 11:27 PM


Group: Member
Posts: 8

You think it takes 3 weeks to prepare distribution?

Clinuvel said years ago that it would take them 1 year from approval to start distributing in the US. They've got some sites ready in half that and you're complaining.

The other day you wanted PW chasing his tail trying to show that he had a drug that might help Covid. Now you expected him to distribute in 3 weeks. You can't just expend resources all the place when you are trying to run a company.
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btron3000
Posted on: Mar 20 2020, 06:50 AM


Group: Member
Posts: 8

Let me get this straight? PW needs to go if he doesn't spend resources following up the chance that his drug may help, when even if it does it would require months of testing and proof that it works?

This board baffles me sometimes. If there's a drug out there that could work, all the scientists around the world that are looking into it would have a pretty good idea by now.
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btron3000
Posted on: Mar 18 2020, 07:08 PM


Group: Member
Posts: 8

One of the advantages of PW's conservative approach is that the company has much less overheads than had he increased the employee numbers by a large amount. There's bound to be a downturn in European sales if this continues through the summer but if the world isn't over this by the date that the US rollout is planned - End 2020 - then there will be much bigger things to worry about!
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btron3000
Posted on: Mar 16 2020, 11:09 AM


Group: Member
Posts: 8

Dude, you need to chill out. Theres enough panic around the world at the moment without people assuming things - like that they know the reason and attitude for the CEO's actions. If you want to criticise him, go ahead. But you should concentrate on facts and things you know about the product or process, not personal attacks and assumptions about his motivations.

Full disclosure, I was so confident post FDA that I borrowed some cash to buy more shares (not at the $45 price thank god), and I've had to sell some to pay off the loan as the equity has dropped. But hey, I took a risk and Covid, shorters and, yeah, perhaps our own CEO's lack of communication has cost me. But it was MY choice and I have to live with it.

I get it, you might have less time than some, and the medium-long term still looks great for this company and you are thinking short-term, but that was a decision you had at approval. You could have got out at $35 - $40 even after seeing the peak and noticing it dropping. If your plan is short-term, that would have been a good plan. The simple fact is that you are probably going to have to wait another year for price to be back up to near where it was. There is likely to be some recovery along the way as sales pick up in new places (Covid notwithstanding), but that is the reality that you are dealing with. There is no point complaining about that. The best approach is to have a calm and measured plan.

Regarding what we have heard from our CEO and chair recently, if shorts are banned for Aus, then maybe we will be praising them for having accused the shorters of impacting our stock? Who knows?

There's many twists and turns left for this stock, but one thing is for sure - it's a GREAT price right now, and if I had spare cash, I'd be buying more.
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