Tuesday, October 17, 2017 1:22:38 PM
I have stated this before, the CEO and CO answers to the Board. It is their fiduciary duty to oversee the actions and competency of the CEO and COO and other management staff and assess their pay and compensation.
I think if one has time to write on these forums they have time to write to the BOD if they truly are concerned. I know I did back in July. come September, we saw that survey come out. while Doog feels it may be Patient who instituted that, I personally feel it was done and the bequest of the Board.
The more people willing to give other names and address along with shares owned and tell them you are holding them accountable for the actions of the CEO and tell them how you feel.
lets face it, there is a reason we stand at $1 a share. and probably if I researched it, a lower market cap then when I first bought in back in 2012. I Know I initially bought in at $1.82 and think they only had total outstanding shares of around 18 or 21 million shares. I forget exactly now. He has proven his plan has not worked to me. The Rexista application they filed could have been filed 2 years after the did the fed BE study. They didnt have to wait on Paodras nor did they do the studies for the oral and nasal. so there was no reason it couldn't have been filed back then. Regabatin the same. the IND was completed in 2015 and they said they now know what is needed and they need to partner it. thats it.
so what was done in the last 2 years? he goes off track and starts going to manufacturing and into Podras. putting the two lead candidates on the back burner as well as the rest of the ANDA's. and when two ANDA's do get approved, he was too busy to even partner them.
lay out a scenario like the above and then ask the BOD, do you find that acceptable? and demand a reply.
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