I can certainly relate to number 3. Some years ago I worked for...

I can certainly relate to number 3. Some years ago I worked for a biotech (no name disclosed but lets say its product was skin related in Melbourne). Funding was an ongoing issue. I remember that after one capital raising the CFO took all senior staff out to lunch and we were drinking $200 bottles of wine. Many staff commented that the business of the company seemed to be promoting its share price rather than the business of launching the product to market.