Re: Update from IR -- Eversana paused?
in response to
by
posted on
Dec 22, 2022 12:41PM
A new CEO certainly wouldn't be taking a lower salary. And RVX is in quite a pickle now. With rising rates and falling Biotech, multiple study primary endpoint failures, a stopped COVID study, it must be very difficult to raise money. A new CEO wouldn't have any more success at it. Not without crushing shareholders.
As for Zenith, first thing a new CEO would do is hire investment bankers, move to the NASDAQ, and we would suffer a massive reverse split and dilution. It would be a total diaster. I suspect it's going to take until 2025 (minimum) for a deal? / buyout? (I hope; depending on results) but I'm very thankful DM is waiting it out.