Money....I wish I could share your unbridled enthusiasm and faith in Jed, but I had hoped by now, based on year's of hype from the company, we would have a BP with upfront money to stop the endless dilution....this time at a 15% discount.
From my perspective, I see one large investor who believes in the technology who is steadily taking over the company at which point he can do anything he wants, e.g. take it private, sell it for a personal profit (leaving the original investors holding the bag), etc. It seems like what we devolved into is an arrangement where JS agrees to pay JL et. al. salaries and large bonuses as long as they keep selling him shares (possibly at an ever increasing discount if necessary). Meanwhile the original shareholders are being diluted out of existence.
If the current set of executives had integrity and this wasn't just becoming a salary/bonus milk train, they would not take any cash bonuses until something material happens and the stock is back to at least where it was when they first announced their intention to R/S the stock (which was just a little under 8).
Obviously, everyone would like to get a deal done, but like I said before, JL doesn't need a deal to get rich from NAVB. All he has to do keep selling shared to JS. Doesn't it bother anyone else that JL has such a minuscule amount of shares invested?
I hope I am totally wrong, and believe me, I would love to see signs which allow me to take a gamble on NAVB, but I just don't see it at this point and neither does any large pharma. In hindsight, the announcement that they intended R/S saved me a lot of money. That was a huge red flag, especially when they didn't R/S the authorized but not issued shares.
GLTA
Alf