ArQule Inc. (ARQL)

[debunker1]

After all these years arqule executives are still feeding at the trough after suckering investors into believing they had robots doing chemistry.

The VP of chemistry was so computer illiterate he didn't even have one on his desk, his secretary had to print him emails and hand them to him.

He would coach chemists to lie to prospective clients that chemistry they had painstakingly done by hand was done with robotics. Big deal, they took standard industry fluid handlers used in biology and used them to dispense fluids. It was so comical, they would spend more time setting the thing up than it would take to just do it by hand.

All they managed to do was get a cash for compound deal from Pfizer who had many such deals with other companies. Once they gave up on that ploy hardly any of the senior chemists there could get anyone to give them a job.

For all these years the shareholder was then stuck with a group of mediocre people no one would hire supposedly looking for cancer cures making reams of useless compounds.

Still to this day shareholders are stuck providing this group of clowns with cushy six figure jobs.

What an industry, small wonder VC's don't buy into the BS anymore.