Bio Path Holdings Inc (BPTH)

[Pat Torney]

Is it? Or are we going to get stuck with a 10:1 reverse split that makes its way back under $1? Don't get me wrong, I bought at .19, but I have been watching PN for many years now and my expectations of him are that he will screw this up.

PN in all sincerity thinks that he is BPTH, and that the company cannot exist without him. He believes that the stock holders are simply an annoyance that he has to deal with. He would completely dilute us if he can do it without exposing himself to too much legal risk. He hates when we correctly point out his failures. He believes that he has not made any significant mistakes. He believes that his 15 or so years trying to get this technology to market is a mark of his experience instead of his blatant failures. He has expressly told big names in the industry that he isn't interested in their help or counsel when they have offered it freely.

I, on the other hand, believe that the only hope for BPTH is that the technology might somehow be able to overcome PN's incompetence. However, I believe that the longer he remains the CEO, CFO, and COB, the more likely it is that this company fails, because of his incompetence and in spite of the promising technology.

So .20 might be a good price, but there is a good chance it ends being too high. Hopefully the votes won't be there to support the reverse split. Otherwise, I think we will see significantly lower prices.