What We have seen today is the result of the actions of 2 groups of amateurs!
Per Walday may well be an extremely clever scientist but we have again today seen that when it comes to being a CEO of a company he has a lot to learn and yes i do believe he should be held accountable as this is what he is paid handsomely to do!
By sending out this message last night he has pretty much compounded his original mistake of not sending out any message at all to the market before the end of July.
With that said and in defence of PW i believe that last nights message was a response to huge pressure from a number of shareholders in the form of critical correspondence. These shareholders have to look themselves in the mirror and ask themselves some serious questions and take some responsibilty for the 28 percent fall in share value today and possiblytheir and others stop losses.
Although i would not use the word lucky to describe the way i feel today, i am extremely priviliged to be in a position to accumulate more shares at these levels while many other investors were forced to stop out.
Overreacrion is a gross understatement!
The PCI case is still as fundamentally sound as it has ever been an in addition we recieved confirmation that one of the Worlds largest Pharma companies is still interested in our product.
We cannot undo mistakes that have already been made but please lets learn from them. Give management the time and space ro do their thing and i am sure we will all be well rewarded in the end.
Wow, sorry my first post was a long one!
Good luck and a Good Summer to all.