I wrote an outline of a business plan, with supporting abstracts, about a month ago. It largely summarizes stuff that I have discussed on this thread for the past 14 months, stuff that Galton has apparently chosen to ignore. In the outline, I assigned a value of $10 to the diagnostic project. It is worth $0 today, a net loss of $9.
The major shareholder, Grausz, received a copy of the outline a couple of weeks ago. Maybe he can light a fire under Galton.
Note that I had proposed a "one-stop shopping" focus for a reagents business immediately after the IMNX settlement and before licenses were signed with PeproTech or other companies. The plan was to expand the reagents business using a proprietary anchor, while developing therapeutic and prophylactic applications for IL-1. This route was rejected by Galton, saying that the company had no plans to expand the direct-to-customer reagents business. Instead, he collected the best minds he could find and set out down the periodontal diagnostic path.
At that time, PeproTech was being handed to him on a silver platter.
I have consistently asked Hal Smith to clarify, for me, what it would take to reacquire the GTI project. Since I've never gotten an answer, I don't know if Galton has tried to reacquire the program, if the program can't be reacquired, or if Galton sits in his office and says "why?" and that's the end of it.
I think I'm supposed to be printing out an old message in this thread and eating the paper it's printed on. I forget..... was it a long, multi-page message? Anybody know how to get SI posts to print out with wide margins?
Management teams can be divided into four rough categories: (1) bright and competent; (2) capable but without a clue; (3) couldn't follow a clue if it is handed to them with a map; and (4) scam promoters. I still do not have reason to question the integrity of Galton et al., and I am now relatively assured that they don't fit into categories 1 or 4. We can only pray, despite the evidence, that category 2 is still a viable option.
Ugh, this hurts.
Rick |
