PN is currently trying to blame everyone else for the failure of the company through his surrogate Doug Morris. My father wrote a pretty direct and honest email to Doug and his response "Your negativity is the reason BPTH is failing, Peter is the Father, Son, and Holy Ghost of BPTH, you should go away" I wish this was an exaggeration of his response, it is not! The leadership team at BPTH forgets they work for the shareholders. We believe in the science, if we didn't we would have sold years ago. We are upset that leadership has not, to date, delivered on a single promised timeline in the last 3 years!!!!! We are upset that PN has been taking $500,000 a year despite those failures. We are upset that members of the board left the board out of protest of PN leadership. We are upset that due to their departure, de-listing is even more likely because we are in violation of multiple listing standards to NASDAQ which may make BPTH ineligible for the 180 day extension (see original notice of delisting). We are upset that our initial investment will be diluted by poor fiscal management. We are concerned that they are spending $3 million a quarter and only have $6 million left meaning we could be out of cash by the end of this year. We are concerned by the lack of news and information being shared by the company.
Luckily, through the conference calls we have the names and firms of some of the institutional investors involved in BPTH, I encourage everyone on this board to find those people on Linked-in and share your concerns! I plan on doing exactly that!
