I have not commented on this board for a while but after reading the posts of the past few days I must put in my 2 cents. I invested in MZEI for the first time last December only after I saw on my Linkedin,com feed that David Dodd had been elected CEO by the Board . I have known David for nearly 20 years having served on a not-for-profit Board with him for most of that time. David has been a successful Corporate Executive for many years. May I suggest you all go to Linkedin.com and look at his successful business resume. He was hired by a struggling public Pharma company (Serologicals Corp) when it had a market cap of $80 million and in the following 6 years completed 13 corporate and financial transactions including acquisitions and divestitures, as well as $300 million of capital restructuring. At the end of his 6 years he arranged the sale of the company to Millipore Corp in an all cash transaction for $1.5 billion. This is just but one of David’s corporate successes.
On the other hand prior to my making my investment I did my due diligence on Medizone and AsepticSure®. After all the information I reviewed, I assured myself that this was a viable product with a great market potential that with the management team that he put together could be successful
As part of my due diligence I looked at the company history and found that it had been around for many years and had changed potential products many times and had run out of money many times forcing Ed Marshall to time and time again raise money from existing as well as new stockholders time and time again with the same puffery and promises without success. From what I had heard and read he was like a con man and promoter who never succeeds with the product but still earns a paycheck while never having sufficient revenue from sales to pay himself and other corporate officials ,like his wife Jill and other Directors using the money from shareholders and from borrowing money. with the business being the obligor. He and his wife than resign and accept a termination agreement from Medizone who has no funds to cover the debt.
Fast forward, David Dodd comes on board with his team all experienced and successful corporate managers, to work with the remaining Directors and company officials and in the following months proceeds to 1) achieve EPA registration 2) Achieve Global Engineering Safety Certification, 3) Obtained CE mark allowing sales in the EU 4) Achieved FDA 513g pre submission with January meeting to review approvals
5) Set up manufacturing and marketing relationships and 6) set up financing agreements with 2 well know Funding partnerships including a note $250,000 to finance the necessary steps to begin sales worldwide.
This is more than Ed and Dr.Jill Marshall did in their many years of “milking Medizone”And living off their investors. In checking Ed’s background it seems that his major experience is as a fireman and in the fire fighting business, and also I was curious about Jill’s Doctorate so I did a bit of research and found out she was a Doctor of Naturopathic Medicine. I had never heard of this so did more research and found it to be some Voo Doo medicine (a form of alternative medicine that employs an array of pseudoscientific practices branded as “non invasive” and as promoting “self healing” Wikipedia
I have no clue of how this is resolved but I certainly hope that the Marshalls and their cronies do not prevail., but that it works out for the long suffering shareholders which was the intent of Dodd and his associates along with the remaining competent Board members.
AI
