Frost vs Time

The lyric, "Time is on my side", ain't applicable here.

Much as I decry his record at Opko, I don't envy Phil's position. He's made a Lou Gehrig-worthy streak of bad decisions with Opko. Yet I'm sure that it's the call of the company that gets him up in the morning. Will he admit that his record has been poor, and the decrease in his wealth is the direct result of that? Likely not. Nothing he has done has led me to believe that he's yet actually mapped a way out of the mess he's created. So, while he may still be spry, and even engaged, there is the question of competence that persists.

Simply put, with its current cap structure, it is basically mathematically impossible for the company to grow its way to a meaningfully higher share price, even through future Ngenla profits and potential future BRLI profits. And for those that think a price of $3, for example, is meaningfully higher in the bigger picture, please stop reading. Therefore, big things need to be done; not, as Bill likes to say, just showing up to the office everyday. Big things. Attention grabbing headlines. Bold proactive steps. All of which, if the body language of Steve and Adam were any indication, are not in the DNA of Opko, under current leadership.