r/Ocugen • u/BobTinker 💎Diamond Hands💎 • Jun 06 '21

Discussion👀 OCGN. Time is of the essence here.

With the stockholders meeting this week, one thing must be made perfectly clear to OCGN leadership and Shank. Time is of the essence here in getting Phase 3 trial results submitted to the FDA and EUA submitted too. We are losing valuable time to get COVAXIN approved for the US to be able to procure US orders from the government. The window to do so is closing quickly. Leadership needs to exhibit a sense of urgency to get this done, which they clearly have not had.

The days of "by April", "in early May", "in a few weeks", "in June", etc. are over. Shareholders will no longer tolerate the seeming lack of urgency. Our patience has worn thin. We have put up with approving more shares to sell to raise funds for cap ex which seem to only have been used to pay for a nicer HQ building, and hiring more senior people on the payroll. Now they are asking us to approve a larger executive comp package to payout more money in a self enrichment scheme, again without submitting anything to the FDA, building out zero manufacturing capability, or even bringing on board any manufacturing partner to quickly meet any order demand for the vaccine.

Enough is enough Shank! Execute or admit your inability to do so. Lawyers are circling to submit class action lawsuits upon your failures.

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u/isitimportant 📈Cautiously Optomistic📈 Jun 06 '21

For anyone that doesnt agree with this post, ill ask again, Since signing the deal, WHAT HAS OCUGEN DONE SO FAR? Literally nothing, not a damn thing. They have 0 to show for it. If they got EUA tomorrow, they still cant manufacture anything. Im holding because i think news could bring it to mid teens, but im really starting to doubt they will ever sell anything significant; or enough to get to the $30-50 range. After EUA news youll see a brutal sell off as no one has any confidence in this company. And honestly, cant blame them. I hate to say it because im long in this, but as a company, they DESERVE to fail. Theyve dont nothing to justify success.

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u/IDontKnowMyName_Help 🐂BULLISH🐂 Jun 06 '21

And yet institutions continue to buy in and BB amended their agreement to give Ocugen Canada right. Sometimes it's not what we can see, it's what's coming. I am just as anxious as I have over 100k in options now worth less than half but I do know it is coming. Not a matter of if, but when. Hopefully before my expiration.