"...that woman couldn't raise money on Bay street, and for good reason, no one trusted her."
Padco, good post. You correctly point out how the "web" got woven around the inability to get cost-effective financing.
"...She couldn't tell us why Pennsaid was floundering at the FDA, because she knew she couldn't raise the money to do the trials they wanted. She couldn't speed the WF10 data collection along because she couldn't get the money to do the work. Recently, she couldn't tell us that she was spending eight times the returns to sell Pennsaid in Britian. Why, because the good ship Dimethaid couldn't absorb many more blows..."
Yes. The NEXT question, the important question that remains to be answered is, "What caused that loss of trust?"
Was it simply the perception of bad management, or was it something more specific?
What caused Tom Stanley's abrupt turnaround? What caused The Street to say "Thanks, but no thanks" to RK? After all, The Street isn't known for being particular about where - or how - it makes money. Being beneath The Street's "standards" has some dark implications.
Perhaps it's all appearances - but the appearances don't look good.
Jim |
