@seachange well said. Big sigh from me reading that. I’m more worried it will all go on legal fees. Even with their calculations there is no way they will now see revenue given the loss of all the CH progress - a middle manager with no psychology or sales experience and two sad people left in the Perth office, by the time these funds run out.
FDA and 510k won’t clear. They’re light years behind even the new Garmin app now and the UK Kings College/Buoyant Health Group will launch earlier. It feels like they’re dragging 23 year old chains and are too slow to alter their assumptions or change with mental health needs. The pre commercialozation of a start up and the lack of agility of a big health system.
Next time there is a quarterly I’d be interested in the company answering three key questions:
1. What is the likelihood fda de novo will want a whole new
2. The SAB have only ever been convened twice in a year and the CMO is Unfocused. Can the CMO please personally deliver a no spin Q&A and presentation that doesn’t hide behind the names of people who aren’t in the detail of the delivery.
3. What happened to the consumer product revenue that Phelps was going to push forward for “immediate revenue”. Because that’s what I would call a helpful Board action.