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Re: Ultraz2 post# 206200

Wednesday, 01/02/2019 4:20:15 AM

Wednesday, January 02, 2019 4:20:15 AM

Post# of 701141
It is a rather aggressive schedule and I do not think we get approval until at least sometime in 2020. But if they continue with inadequate transparency and delay top line until the latter part of 2019, two things synergistically happen. The share price continues to deteriorate and further fund raising at toxic levels will be necessary thus compounding the further devastation of the share price. The money raised thru the Sawston deal will last maybe through the end of this year but will be pressed by loans, mortgage pay offs, WC demands, A/Ps, etc.

I hope those attending the ASM make it clear that delays and silence as usual cannot be tolerated and put forth a strong message to that effect. MB posters supporting management's lack of transparency, broken timelines and obfuscation by defending such actions in the name of exigency only encourage management's conduct. I am appalled by the options largesse for lack of performance thus far and the devastation of company market value and feel that the BOD have largely abdicated their fiduciary duties to all shareholders especially the minority retail shareholders. Though it likely will be to no avail, I will vote no to another term for LP. JMHO.
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