I certainly hope that sound critical thinking and expression is not being construed as negativity. For me the purpose of the Agora board is to share ideas about the science and management of my investment. If some posters want to suppress critical thinking I am very concerned. I don’t want to be criticized for having taken off my rose coloured glasses a number of years ago.

The Agora board has been very helpful to me in understanding a bit of science, investment and management issues because it is reasonably objective and offers sound thinking.

For example I’m trying to understand why a biotech like Repare Therapeutics of Montreal, formed about 5 years ago went from being founded to being traded on the NASDAQ for over $30USD in less than 5 years, all of this achieved without a molecule in human clinical trials.

Yet, my 11 year investment in RVX has gone for $7.00 to about $0.62 and my thousands of ZCC shares remain locked up with virtually zero value 7 years after the company was formed.

RVX is a company that the CEO stated should be trading at $5 just based on the FDA’s break through designation and yet that same CEO stairs at us with a befuddled look on his face not having an inkling of why it is trading at $0.60.

The key learning that was solidified for me in 2021 is that I now know why exactly.

This is my hard earned money. I invested because of curiousity about the science and I did not do my due diligence of management…my mistake. I’m still pleased that I own both ZCC and RVX shares because the science will deliver despite the incredible drag created by the business side.

While some have posted positively that “at least Don recognized that he misses forecasts”. When I heard his trite, flippant, backhanded comment I was completely incensed. This is a publicly traded company and as a shareholder I expect to be treated with some respect. Don should look us straight in the eye and apologize for misleading shareholders for the last 15 months to the point where forward looking statements became outright lies. We invest our money partly on Don’s guidance. I expect leadership.

My guess is that Don’s current game plan is hoping the Covid trial will be a blockbuster success and then all of the ills will disappear. We’ll still end up with the same CEO in both companies.

I was very pleased to receive the update and I believe that Don did the best of what he is capable of doing. For me personally he will never be a compelling speaker…just my taste.

Finally, the update dealt almost entirely with the achievements and progress on the science side. The business/financing side (CEO’s job) remains a mystery until the new year. Just where is that illusive boatload of gold from Africa? We don’t know if it has even set sail. It’s a big secret.

So I hope Don has a fun Christmas with the $360,000 the BOD has paid him this year for the fantastic shareholder value creation. Don can have a Merry Christmas if his IR people relay some of the positive Agora posts to him. He pulled it of once again. I do hope Don makes many millions from both companies but it is puzzling with the millions of shares he owns why he does not create shareholder value?

I feel that a CEO being paid $360,000 and $2,000,000 should at least attempt to be honest even if not competent.

Finally I encourage the Agora board to remain open to critical thinking. Critical thinking is the essence of the board.

Merry Christmas to all. This Covid trial, if it starts, could deliver a big Christmas gift to all of us. GLTA    

Cheers

Toinv