Before I share what was said to me by Richard Staelin today I have some thoughts here.
There are those on this board that have a disdain for this company. They wish for its downfall and have no other objective than to try to drive the Share Price down OR scare people into selling so that they can scoop up those shares at a lower price. And then you have another group that whines, complains, never happy about anything and come to the board to express the same thing over and over.
You have all been told by Kelly to pick up the phone and call her if you have questions, but you don’t, instead you whine about the company. And the thing is, if I were her, I wouldn’t spend the time of day answering disrespectful people trashing the company. So in short, give the company some room and let them do their work. I have been able to get responses from the company, so there is no reason why any of you should not get a response back.
The following from Mr. Staelin:
Kelly forwarded your email to me and asked if I would be?willing to respond.
It is true that we have not put out any press?releases or communicated with the shareholders in a while. However, we?are actively pursuing our announced goals of being a low cost OEM that?has a strong research program focusing on PSWT for the treatment of a?multiple number of pain related ailments and uses third partying?specialists to distribute its products into the marketplace.
As announced earlier there are three clinical trials in progress, one at?Stanford’s medical center and two at the UC San Diego medical center.?To the best of our knowledge the preliminary results look positive.
We also finished a clinical trial on canine pain and this study is now?under peer review. In addition we have been actively pursuing the?establishment of a number of new international distributor agreements.
I can assure you that our staff is working hard to bring these agreements?to positive closure. With all this said, there is really no new material?news that we can (and should) report on right now. However, please note?we have not issued any new stock since Kelly and I took leadership after?Andy’s death and the firm is still making payroll each week. Thus,?your statement that the threat of bankruptcy appears to be real isn’t?compatible with the current status of the firm. Just the opposite, it is?moving forward with a good strategy and a good tactical plan. If you?agree, stay tuned.
Richard Staelin (Chairman of the Board
Me: the phrase “threat of bankruptcy” was not my feeling, but that I expressed in the email to her that some on this board think it is. Total nonsense.
