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Unlike the rest of the Board of Directors, Cartwright comes from a medical management background with big companies in big cities. His long term reputation is at stake. The company obviously didn't take instruction very well from the previous time LuViva was denied. We'll see in the next twelve months whether or not the real problem was the former FDA reviewer, the product itself, or the company's inability to follow FDA guidance.
Continuous data gathering from Turkey and other markets can't hurt the company's position with the FDA.
Okay. We're squared away. I had the number restored from the first conference call, and it has been checked.
Again...refer to posts 40898 and 40972 for additional information and answers to a couple of basic questions being asked.
Today: 6:00 P.M. Eastern Daylight time.
571-317-3112
Code: 871-259-021-#
Hit the pound key again in lieu of the PIN#
I am in the process of obtaining a new phone number and access code for tomorrow afternoon's conference call. I will post it the minute it is assigned to me.
Thanks for your patience. Again: refer to post 40898 for details
We have been exposed to continuous hype as the company jumped from one supposedly "hot tip" to another over the years. I will suggest to all of you that there is no law of secrecy that would prevent the company from updating shareholders on the status of the EPA application. A CEO, regardless of his/her age, is expected to go to work and perform. It goes with the territory.
Similar attitudes are held by many shareholders. That's why I am working on a company-wide meeting. I am merely trying to gauge support at this point. If the first conference call was an accurate measure, then I expect we'll have some serious shares represented over the next couple of months. The thing is......management and the board should WANT to keep us informed as well as try to grow the company. So part of this process deals with being unable/unwilling to treat people in a decent and consistent manner.
I think now would be a good time to remind everyone about Tuesday's conference call at 6:00 P.M. Eastern Daylight Time. Again, refer to Post #40898 for details. If you have called in already and have given me your details, please sit this one out. If you are calling in for the first time or called in the last time but decided to be a silent bystander, then, by all means, call in again and let me have your info. The conference call system cuts off at about 25 people per call. Doctor 1, a shareholder meeting would be the logical path to pursue initially. One would hope management would see the ethical issues associated with continued silence. Someone mentioned "class action" in a recent post. The correct term for this type of situation is "derivative grievance", and it is an outlet for shareholders of all sizes to pursue should the situation continue to deteriorate.
It's time to set up a date and time for our 2nd conference call. Let's do it Tuesday, May 3 at 6:00 P.M. Eastern Daylight Time. The phone numbers and related requests remain on post 40898. Given the continued silence out of Sausalito, I am going to step up the conference call schedule. If you miss this one, do not despair. There will be more of them.
No, Doc, this is just what happens to low priced stocks when pertinent information dries up and everyone is left guessing.
I need to set up a new email address specifically for Medizone matters. I will be back in touch
Having perused my notes over the weekend from Thursday's conference call, I applaud everyone for being candid in their remarks as well as being well organized. I threw out a list of several questions I would like to have answered at a shareholder meeting: nothing new to the regulars on this board. You have heard them from me from time to time. No one who called in objected to having those questions answered. The one person who dissented and wanted to hold off on a shareholder meeting also did not necessarily voice an objection to my questions. His main objection was to NOT recommend that the preferred stock issue be rescinded. So I think the continued uncertainties coming from within the company have gotten the attention of most groups of shareholders, if this sampling we took Thursday is reliable. Should we wind up with similar stats at the next couple of conference calls, I think we could call it a "pattern" and, at some point, make a pretty good case for a shareholder meeting.
Happy Friday. I have just a couple of preliminary comments. Again, I apologize for having one tech glitch which did, however, seem to work itself out. The numbers are interesting. We had a total of seventeen people involved. Sixteen of them pledged over thirteen million shares in favor of a shareholder meeting. One shareholder controlling three million shares was not in favor of a shareholder meeting.......at this particular time. His premise was to hang on for the rest of this year and see how the EPA, Saudi, and South American situations unfold. More later.
The system went haywire and then came back on okay. A bunch of us had a cordial, information filled session and picked up some valuable insights. I will compile some of the question/answer areas and post them early next week. I thank everyone who called in. If you saw my first post about the system being down and subsequently didn't call in, you will have an opportunity to do so at a later date. I will offer at least one more informational session to people who could not make this one.
Thanks again
Zeppo
It s working now hooray
I will apologize in advance for the inconvenience. The system numbers that I had checked this morning are no longer working. I will have to establish a new conference call number and get it to you. Enjoy your day/night. We will get back at it next week.
Again....Sorry for the inconvenience.
Zeppo
JTorence....after seven years, we shouldn't have to wait around for a shareholder meeting that never is going to happen unless we create it. It's a matter of ethics and the proper way to deal with people......even minority shareholders.
I have asked no one's permission or blessing to host this call. I don't have to. I have a copy of the bylaws. Shareholders have not been represented for seven years. The Board has two new members, and both of them have plenty of business experience, but they are in the minority and have no authority. I have nine questions I will ask of the attendees this evening. I will create an organized file of questions that the attendees bring to me. My intent is to gauge the number of shares shareholders would have to pledge that would mandate a formal shareholder meeting. Go back and reread post #40898.
As I mentioned before, today is going to be an organized exchange of ideas where I can determine how many shares might be available to pledge officially that would mandate a shareholder meeting. Minority shareholders have rights too, and I am entering this arena is the least invasive area and promise the proceedings will be fair to all concerned whether or not some people are fair to me. I have asked no one's permission or blessing to seek this knowledge. I don't have to. I do have a copy of the bylaws. We are into our seventh year without formal representation for shareholders. We have two new board members with plenty of experience but zero authority. Given the fact that they are the ones with experience in the marketplace, maybe they can give us some answers at some point. I have a list of nine questions I will place before the attendees this evening. I will make note of additional questions that come from the audience and will compile them into an orderly file.
Sure......and there is a chance I will ask for a second conference call for people unable to partake today. Time permitting, I hope to have it out by the end of the weekend.
Reminder: Reread post 40898. We begin at 6:00 P.M. Eastern Daylight Time. I hope a few shareholders half way around the world will have the opportunity to tune in to the conference call.
Thanks for your input, GreenOwner. Pharmaceuticals don't make it to market until they are vigorously tested at 3-4 different stages. We have seen a plethora of underactivity here lasting for several years. I don't believe the company itself can withstand much more handsitting. 2020, when you get to be my age, will be here before we know it. Do we still want to be dealing with a similar situation regarding Medizone at that time?
Ladies and gentlemen, let's be even tempered in our approach. I am confident that the majority shareholders really believed, for a long time, that something positive was going to come out of Medizone that would benefit them. That's why they continued to support management all these years. My contacts now tell me, however, that support is fading rather rapidly among that group of shareholders. Business finally is starting to trump emotion. When one looks at the company's whole playing field, it's a two man show: One in California and one in Canada. How can a company be built on such a narrow platform? It can't. Continuing to plow the same course for the next ten years will undoubtedly render the same results. It shouldn't take a Harvard MBA to figure that out. So I will ask everyone to participate in Thursday afternoon's conference call. Go back and read post #40898 for details.
Thank You.
Zeppo
Just call in there around whatever your equivalent to 6:00 P.M. Eastern Daylight Time is. I will be on a little early to take the info from people who call in a little early.
Thanks
Refer to my post 40898 between now and Thursday afternoon to get the information needed to participate in the conference call. I will continue to post that information until the call begins.
Okay....Let's see where we might stand. I am going to give you all the phone number and access code. When you punch in the access code numbers and the # sign, the recording will ask you for your PIN. You won't have one, so you can gain access by hitting the # sign a second time.
The time will be this Thursday, April 21, at 6:00 Eastern time, 3:00 Pacific time.
Make up a nickname for yourself, if you are concerned about your anonymity, and be truthful about how many shares you control. When you have told me the number of shares under your control, just say "A", if you are against working toward a shareholder meeting, or "F", if you are for working toward a shareholder meeting. It's pretty simple.
Let's set some ground rules. I do not want this initial correspondence to drag out. I am happy to be the "monitor", but this meeting will NOT become a "venting" outlet. We need to come to an agreement about certain specific items if our inquiry is going to carry forward.
We need to agree that management needs to rescind the preferred stock poison pill. We need to agree that we have questions about the delay in development and testing of Asepticsure that never have been answered. We need to agree that the current status of the EPA application be defined and explained. We need to agree to know why sales have not occurred in approved countries with named distributors. We need to agree to examine the current and future roles of current management and the current board of directors.
571-317-3112 Access Code: 871-259-021 #
Remember to hit the # key the second time when the recording says to do it.
A little integrity will go a long way on Thursday.
Thank You.
I will have the conference call number and access code ready later this afternoon and will set a date and time for us as well.
A shareholder meeting certainly, from a management point of view, would be the lesser of two evils.
A starting point has to start somewhere, BenK. Built in roadblocks exist at almost every turn. I have a copy of the bylaws. We need a shareholder meeting. Case Closed.
Thanks for the walk down memory Lane, Eli. Many of us were around during that tumultuous period. I think the seriousness of the situation is validated by history. Do I believe a meeting with current management would be fruitful? No. I would not have worked on putting this conference call together first had I thought otherwise. Having a person-to-person chat with Mr. Caponi and Mr. Esposito, however, would ring my chimes. I also would want WIV in attendance. Being able to talk to board members on a truly business level, with no time constraints, could get us some answers. Why any shareholder would oppose a meeting of those three minds would really have me scratching my head. We would pay our own way, thank you.
I will expect and welcome those people not concerned about seeing the business end come together during this decade. All I can do is ask for a little basic integrity from everyone. I am being upfront and open with shareholders. I guess I could have done some sneaking around, but it's not my nature. So, if there are some consciousless shareholders out there intent on disruption, it will become apparent very quickly. A shareholder meeting, as a reminder, is a forum for discussion. We have not had one for seven years. We deserve one whether or not it is called by management. I am into ethics as much as I am into what's legal and not legal. There's just a right way and a wrong way to do business and treat people.
Thanks, Eli. This compilation serves to strengthen my resolve to work toward a shareholder meeting. What a list! There might even be a potential partner in there where the Asepticsure business would be a great fit. WTV, I have been too busy to notice people accusing me of whining. It would be comical, at this point, if it wasn't so tragic. I would imagine that anyone pointing fingers now would be part of the group of wagon-circlers trying to maintain the status quo for whatever reason floats their boats. Again, I look at the situation solely from a business viewpoint and do not contemplate the influences of personal matters at all. Obviously personal matters mean a lot to some shareholders....because business matters obviously do not. I should have this conference call ready to go in one week.
The issues usually center around two items: Is the content of the application still incomplete, after all this time, or is it too difficult to peruse because proper format, linguistics, grammar, etc, were not followed?
Historically, 90+% of stocks in the penny arena don't have this kind of real, tangible potential. Hindsight tells me I should have started this mission back in 2011 when only a picture of Asepticsure was taken to the FIME trade show.
I haven't abandoned my idea to create a conference call to gauge shareholder interest for a shareholder meeting and/or other activities. I just decided to give it a few more days to see if last week's happenings were tangible or merely more of the norm. As shareholders, we do need to know what the company's course of action is regarding the EPA and why a new application may have to be filed.
Unanswered questions remain the norm, Spumoni, and that's part of the reason why I plan to forge ahead on behalf of minority shareholders.
Prince Bin Salman is committed to weaning Saudi Arabia from its dependence on oil, and he plans to creat a more diversified economy. Where Asepticsure fits into the equation will depend on serious marketing and distribution savvy. While this bit of news is significantly more important than the Canadian photo-op from earlier in the week, the answers to the big questions on the home front remain elusive. What will be the core ingredients of a new application to the EPA. Why does it have to be filed in the first place? What's the time frame for EPA evaluation? Weeks? Months? Years? ......and what's the time frame for the company to actually comply and submit the application?
Belleville, by itself, wasn't good enough by itself. Why not? It was in Zoutman's own back yard. I can't consciously lay responsibility at the foot of any head government honcho. I still think it's the first time she ever saw Asepticsure. So to whom is C3 and Wood Wyant supposed to be talking? The Belleville success was never leveraged to create similar testing procedures elsewhere. That's why we don't have Asepticsure in Canadian hospitals. If I am wrong, then where's the data?
The recent uploading of the Saudi website offers little consolation to shareholders. Last fall's experience should have been an eye opener. Experienced distributors are needed, and they are available. The company, however, did not engage them, so the situation remains just another pipedream until proven otherwise. Shannon and Zoutman being on that board could be a classic conflict of interest. I wonder how many sales we should expect from that collaboration of inexperienced marketers?
The article has no bearing on what we, as shareholders, should be trying to accomplish. It appears that the leadership of Ontario, the province where Belleville is located, was getting its first glimpse, ever, of Asepticsure. The South African visit seemed to be just a stop off on a tour of Innovation Park and not a planned event solely for the benefit of Medizone. We should not be distracted by the temporary "hoopla". I am forging ahead with my intent for us to have a conference call.
Everyone working together would be my first hope. Majority shareholders should support a shareholder meeting for a variety of reasons. The future of the company really is at stake here. It's not about us. It's about bringing Asepticsure to market in a variety of global markets and finding the personnel and the resources to get that done. I am aware that management can fight shareholder meetings that are not mandated by a securities law. One would have to ask what the motive would be for the fight. Aren't we all in this together, or are there other agendas? An organized meeting would help clear part of that air. Minority shareholders have other rights too.
Thanks for your commentary, Jack. A lot more should be going on now than a decade ago. A seemingly flawless product has been built. Shareholders have something tangible to view. The inexperience of dealing with testing, marketing and regulatory issues is half the battle here. The other half of the battle is management and majority shareholder unwillingness to enact positive changes that would save thousands of lives and put dollars into the pockets of those same shareholders. Where's the logic? Maybe.....just maybe....some of the majority shareholders have scratched their collective heads enough times to realize that things aren't right. It's not all about the EPA. There's a whole planet out there, and a good portion of it doesn't care about the EPA. Other U.S. companies have proven that premise. Having a shareholder meeting might be in the cards anyway, because existing shares are dwindling down and PPLs are not the rage anymore.