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happycamper, notice that the proprosal types all say the same thing? Funny how they see things so much more differently than the rest of us, huh?
Talked with a few folks who have not received their proxies yet. It was one person as of last night, now it is up to three. I told them all about the proposal. None of them liked it at all. One was really pissed off, LOL!
Two of them will be headed out to the Jersey Shore to spread the word. I told them of hoggers letter on either iHUB
or RB in case they run into those that have sent their proxies, but would like to revoke them.
All we can do is lead the horse to water, can't make him drink it.
CD_98
texguy
Does anyone feel that possibly, MS and LW are worried about their jobs, i.e., getting pushed out and replaced, and that they are concerned enough to want to try and get share options prior to that happening?
That could be another reason for their desire to land all of these options. There IS a reason they want them and yours could be a possibility.
Paulness, who cares what golfman says. Why is management trying to remind folks to vote then?
If the proposal is passed I can predict 100% that this company will go down the shitter. Just watch it happen.
These clowns are some of the worst I have seen in all my years investing. This proposal is PROOF POSITIVE.
Golfman is a schill. Probably MS's brother-in-law or something.
Skooby likewise........
I am glad they admire our little fight.
Wait until this company spins its wheels forever, then we will see the complainers come out. That is IF this proposal flies.
We'll see.......
CD_98
There are some investors who have not received their proxies yet. I know of one and I am sure there are others. DON'T VOTE!
If you have not sent your proxy in and do not like the proposal DO NOT VOTE! DO NOT SEND YOUR PROXY IN. DO NOTHING!
SIT ON THE PROXY OR JUST DISCARD IT.
DO NOT VOTE.
A & I, your post included: "This is a public company and the shareholders "own" the company."
It is apparent to me that some here want management to "own"
the company, not the shareholders. If this proposal is passed
shareholders will be an afterthought. "The committee" will be in the drivers seat. Shareholders will be locked in the trunk along for the ride.
Not good at all.
Just my opinion.
Paulness, would not completely diss Percy's prediction about a RS in the near future. MUCL, VITX, and SMMU have all recently done RSs with negative results for the shareholders so far.
Seems to be a popular "trend" among the upper managements of many companies these days.
Lots of PO CYGX shareholders out there. Just talked to a few
this morning.
holycow, who cares why you voted yes. What you did is your business. You chose the path you believe will get you there.
My belief is that you are either very gullible or inexperienced or both.
Common sense would tell the anyone that management wants to fully control the comings and goings of everything in this company (shareholders are the company) through this proposal.
15% dillution right off the bat doesn't sound like much, but it is. There are other avenues the CFO could explore to get both financing and shares for "talent", but it appears they are hell bent on doing it their way. 15% dillution now and more to come in the future from this "committee"? Who is to say that CYGX does get good news, the SP goes to $3.50/ share, and the committee decides to vote themselves more shares at $0.05/share and a 20% dillution of the shares outstanding? They will have the power to do what they want
and neither you or I will be able to stop them in any way shape or form. That is NOT the type of company I want to invest in. BTW, a reverse split is not out of the realm of possibility either. It has happened to three of my holdings already. Will CYGX be the fourth?
When the company (shareholders are the company) is controlled
to the point where a committee ultimately sets the agenda
of shares, money, and those who sit on the committee to decide these things while shareholders have no recourse and must rely on decisions from a questionable management to begin with, then something is definitely wrong with the picture. If you cannot see that you are in La La land.
Prediction, if this proposal passes, shareholders are going to get HOSED bigtime. Count on it.
Mark my post and blast me later if I'm wrong. It won't happen right away, but it will happen.
Best thing to do is DON'T VOTE. Sit on your proxy!
Of interest to all, I just received my SECOND call concerning
my proxy. I simply told the gentleman that I was not going to vote. That I would not be sending my proxy in. He in turn told me that they would not be calling me again. I thanked him. It could be that I literally hung up on the last call
after I said "no thanks" as to why they called me back.
In any case, sounds to me like shareholders in general are not very happy with our management's proposal.
We shall see how it shakes out in the end.
Thanks Arnold and Ilene, and hogger.
Arnold and Ilene, about a year ago I did not know what side of the fence you two were on. Same with hogger during the
AVGI trial. Now I know and am very happy I had you guys pegged wrong. Nice to see others with their common sense still intact. I truly wish Giark65, Dawson123, and Investor_12
were still around. They were the best.
Regards
CD_98
I think they have reason to be nervous. No shareholder in their right mind is going to relinquish their control of any company directly to a "committee" of "yes" people.
It is better to be able to have a say in what they can and cannot do.
Very important to send any revokations as Aronld and Ilene posted previously. Send them registered mail with return receipt so that it has to be confirmed as having reached its destination and the proper person it concerns.
do not vote!
djharker, seems that anyone against this proposal is now labeled a "basher". Lots of "bashers" on this board according to some. LOL!
Unfortunately we probably won't get the tale of the tape until July 15th.
Should be an interesting outcome.
Me too Tatonkano62, but Chen is not there for that kind of money. Seems to me he is there for the technology and the challanges that await. This technology is like a bug zapper light. It attracts talented scientists on its own accord.
No shares or hugh cash payouts needed.
Just received a phone call asking me to submit my proxy.
I hung up on them before they could finish.
I DID NOT VOTE! I WILL NOT VOTE! MY SUGGESTION TO ALL CONCERNED ABOUT THE COMPANY AND NOT THE FEW INDIVIDUALS
WHO WANT A WINDFALL IS =====> DO NOT VOTE!
gdepc, anything is possible. I used to be an investor in WAVX.
They have a few folks (one of which was outed aka Doma) plastering crap on the Yahoo! WAVX board with rosey tales of this and that. Why would Wave be using such a ploy? Would NOT be surprised at any tactic used to dupe investors.
I find it odd that Dr. Chin is not receiving a bounty too Paulness. Very odd.
DO NOT VOTE! DO NOT SEND PROXIES IN AND DO NOT VOTE BY PHONE.
JUST SIT ON THEM.
gdepc, I think you are being paid to post on this board
with several others.
I am first and foremost ANTI PROPOSAL! It will be tough
to vote management out unless they do someting really STUPID.
This proposal is that SOMETHING really stupid. They are pissing lots of shareholders off. BIGTIME!
When you take shareholders rights away from them you no longer have a company working in the best interest of shareholders and are left with a company working for the interests of THE FEW.
I do not run my companies like that. I do not know of any shareholders willing to tolerate a company run for the benefit of the few and NOT for the majority of shareholders on record. This is the first time I have ever seen this type of scam pulled in broad daylight. I was not born yesterday.
DO NOT VOTE! DO NOT VOTE! DO NOT VOTE!
arbiet macht frei....... Work Brings Freedom.
Aushwietz. I was there in 1987. Quite humbling.
The gate is still there.
I think holycow is a paid schill or a total lack of common sense.
Thanks for the heads up hogger on another possibility by the few receiving the bounty. Had not thought of that one.
There is definitely something in the works. Smells too.
DO NOT VOTE!
SIT ON YOUR PROXIES!
DO NOT MEET QUORUM!
DO NOT VOTE!
DO NOT SEND YOUR PROXY!
DO NOT ANSWER THE PHONE OR VOTE BY PHONE.
DO NOT VOTE!!!!
holycow, you are on the border of ridiculous with this post.
"This can only mean that things are going well. Good news for all concerned."
You certainly cannot be this innocent and gullible. Is this your first investment?
You are not believable. If you are a schill, skooby, golfman, and gdepc should take some lessons. I have my doubts that you are genuine. Sorry, but you don't pass the mustard with me.
Adios!
DO NOT VOTE! DO NOT SEND IN PROXIES. DO NOT VOTE IF CONTACTED BY PHONE!
JUST SIT ON YOUR PROXIES! DO NOT VOTE!!!
holycow, with all due respect, for one so new to this process
you do seem so determined to support this proposal.
Like very determined. Sometimes you don't even make much sense.
Caveat oh innocent one. Many caveats.
I smell something fishy~~~~~~~~~~~~~~~~~~ lol!
And to top that off Ilene, shareholders will have NO SAY
as to what the "committee" does. NONE. ZERO POWER!
Is that how you want your company run?
Not me.
DO NOT VOTE! DO NOT SEND PROXIES IN. DO NOT ANSWER ANYTHING BY PHONE.
JUST SIT ON IT!
holycow, I think they could entice lots of talented folks (and have already done so) in joining them with just this technology alone. Options are a great means to attract talent, but seriously, do you think the select few are doing this to "attract" talent? Do you think they will relinquish their shares to the "talent" they bring in?
How many CEOs and other high corporate officers vote an options package like that to use as incentives for candidates?
I'll tell you...... none. That's what greed does to people holycow.
They don't need to go to this sort of excess for themselves to lure talent into this company. If it is for the talent then why have certain individuals been selected to receive
a huge portion of options? Why don't they set the options aside for future employees?
Above all: Scientists do it for love of the science. If this technology works like they say they will not have a problem getting "talent" to work for them.
BTW, I do not recall seeing how many share Dr. Chin will be receiving. Are they as many as MS and LW? And the powers that be claim to be concerned about attracting talent? I think you are being played holycow. A shame you cannot see that.
I really hope that you are right holycow, but my sense of the world is from my experiences with people and companies. There are basically two things that drive MOST people, money and sex. In my world people generally look out for themselves and do what it takes "to get there" or arrive. Jaded? Me? In some instances you might have a good case for saying that about me, however, I just like to analyze the situation and tell it like it is.
I do not wear rose colored tints, and I tell the truth which really pisses lots of folks off at times. Outspoken? Yes!
Money has a funny way of doing funny things to people.
One word of advice, never count your chickens before they hatch holycow.
Rusty, management exposed themselves for what they really are. All the while I tried to give them the benefit of the doubt, and then this proposal comes. Turns out there may be real reasons why bashers disliked Wunderlich so much, eh?
Don't expect too much in winnings if this proposal gets passed holycow.
I would put my calculator away for a while. My sense is the deadly "ONE" for this clueless management team==> Greed.
We shall see if I turn out to be right. If this company bumbles and stumbles on opportunity's doorstep then I will cash out and move on. I will also gloat that I was right so be prepared. It will be a while though.
Just cannot believe they have the nerve to try to pull this.
Not a good sign in my not so humble opinion.
Sit on those PROXIES peeps!!! Do not send them in at all!!!
DO NOT VOTE if you are against this proposal!!
Paulness you and holycow are VERY gullible. Good luck to you.
Screw faith........ faith and promises gets you George Walker Bush.
BTW, to make myself clear, LO is a lowlife scumball who said some NASTY things about folks who post on RB and iHub. Sorry hogger, did not want to sound like I defend the guy on all counts.
Just not so sure he/she/it was wrong about LW and MS.
Definitely had an axe to grind, that is for sure.....
holycow, if it was Rusty_car I am not really sure he is a basher. Same with LO on ragingbull. Not sure. Maybe they were trying to tell us something they had known all along that is just coming to light now with this proposal.
Trying to keep an open mind. about some history here.
Or a jackass to losing a fortune if he goes pro quorum because of listening to schills on this board.
Maybe hogger is getting your posts mixed up with Paulness's because they all sound like they are from the same individual
gdepc. Are you a schill gdepc? Two different email addresses
will get you two different aliases. Ahhh the flaws of any message board. LOL!
Shareholders will NOT put a monkey wrench into anything if they withold their votes. gdepc is trying to sucker folks into sending their proxies in. Abstain from this proposal
by not doing anything. Do not send your proxy in period. Sit on it.
Let this esteemed management group worry about corporate officers and auditors at a later time.
gdepc is a schill.
Paulness at times you sound so much like the Wizzer I am quite amazed. You are dead wrong in this matter Paulness no matter how you squirm and wriggle. Kind of stupid actually.
Paulness, one thing about you, you cannot admit you are wrong.
You are wrong on this one. The fact that everyone long on this stock tried to put a postive spin on the outcome of the AVGI lawsuit doesn't make CYGX the winner. CYGX management were pretty much made out to be fools. CYGX paid court costs and attorneys fees. Not AVGI. CYGX had to give AVGI material
goods, not the other way around.
What if it hasn't been factored in holycow? After all no dillution has taken place..... yet.
McDaniel, my best advice to you is to not rely on a message board for information. Do your own due dilligence.
Nobody can predict the future. Never fall in love with a stock or its technology because there may always be something
to screw it up. Case in point the shareholder battle that is shaping up right now. Those that beleive a CFO with a high school diploma and a few college courses with no industry experience as a CFO is qualified for the job at hand, and who also believe a CEO with no industry experience can do the right things to make this company happen.
And then there are the folks who have seen the outright blunders this management team has attributed themselves to
like the AVGI lawsuit they took upon themselves and lost, and the PIP they almost gave to a group nobody ever heard of for
human clinical trials in India and China.
These guys are clueless IMO.
Get some people in there to replace these walk ons with pharma/biotech experience. PLEASE!
And these guys want tons more share options to boot????
Why now??? Why not wait?
I don't like these guys. They smell real bad.
Something just is not right here.
In that regard Rusty we have some common ground. I don't especially like it when soem greenhorn is trying to pull the wool over my eyes.
A friend of mine at the Jersey shore is spreading the word.
Just talked to him this morning. This proposal is total BS.
I advised him to tell those he runs into NOT to send their proxies in.
We shall see how shareholders react.........
Have a good one Rusty.
CD_98
Who do you consider a "basher" holycow? Curious.
July 14th
So Rusty, what are your thoughts on the stock options proposal?
TIA
As for a reverse split, no, the company is not contemplating
one that anyone knows of, however, with the share giveaway
one would think something is up, wouldn't one?
Of the two places companies usually register one is Nevada, the other is Delaware. And yes, the founders and these guys are two seperate groups of individuals.
Chadman, just look at MUCL (now MCET) for instance. IF and I am saying IFthis is one of the reasons for loading up on shares it is absolutely a negative IMO. Despite others pooh poohing this option it strikes me as a real possiblity in the near future.
Two of my other holdings recently did reverse splits and only one is just beginning to recover, VITX. The other holding is Summus. SMMU had hoped to get through the 90 day period closing at or above $4 but it did not happen. The Street is looking for consistant REVENUE numbers, not speculation plays on what could be.
I think your dd on reverse splits is pretty accurate Chadman.
Not many that succeed.
As for me trying to scare shareholders into thinking a RS is eminent, that is absolutely ludicrous. I am merely trying to get people to use their brains here. Think before you act folks. It may come back to bite you.
Neo, I would still love to see them get someone with past experience in a major pharma/biotech. I didn't forget about
Frank Vasquez. His experience is good for his position. Just think the CEO and CFO need to be adjusted.
Hopefully this is not a Dr. J scenario again where the shareholder gets the short end of the stick. I know you can appreciate my concerns.
We have both been there. LOL!