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Re: be_real post# 154143

Thursday, 07/24/2014 3:50:19 AM

Thursday, July 24, 2014 3:50:19 AM

Post# of 157299
I agree. I have not attended any of wsgi SH meetings before so am not sure how open they would be to questions. Not quite sure if worth the time, work hours lost, effort, and cost for the trip if all they do is blah and deflect questions, etc, as I expect since the company is in an arguably much worse situation than when this management took over. The share price is atrocious compared, not any GTC buildup in the US (even though Phipps has been doing good work in the UK, I doubt can be credited to CEO), Argus still seems pretty far away (? though no one really knows), and in litigation with LJC (as an alternative to death spiral which management signed despite of reputation of funders), and having done a very confusing convoluted and seemingly shady deal for the sale of LTAS leaving us with not much money or upside to speak of after all the promises and yammer, and still no word yet on the debt.

The management and BOD (of course, barring Drew who is new) has a lot to account and answer for IMO, and should do everyone including themselves a favor and search of new and good people to lead us out of all the mess that has been created. Otherwise, quite frankly, I cannot see daylight, even though GTC and Argus may have good prospects. The reputation and the history of this current management team in a word, stinks. I don't see how any funders, major investors or even retail would back this company after hurting so many prior investors.

Indy, could you ask Drew if people at home can ask questions?

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