Tibs, thanks!
Yeah, there is a pointed need for effective, focused leadership at this company. From what I'm hearing (jeez, why do I even still listen to rumors about this place...), we'll get our new CEO shortly, and hopefully, that'll stop some of the foolishness we've seen. Malcolm can make his litigious inclinations a personal passtime instead of a corporate policy.
I did stumble accross some interesting figures about how much CYGX spent on lobbying, though. They coughed up almost a quarter of a million dollars in 2006 to their D.C. lobbyists specifically for avian flu issues.
I'm not sure what to think of that, exactly. It gets me worried that somebody at CYGX (ahem!) might be thinking they're going to shortcut all that tedious marketing-to-bigger-corporations by going straight to the government on the "bird-flu" scare. Not that Jim Turner's endorsement (even if it's paid-for) is a bad thing to have, mind you, but everybody and their brother is working on bird-flu stuff, and most of them are bigger than CYGX.
This smacks of desperation to me. Malcolm has simply not formulated an effective plan to move the company forward at any point, and the sooner he goes away, the better.
Oh, I'm sure I'll get the usual "shut-up-you-basher-you-think-you're-so-smart" BS from the crowd here, but like it or not, it's the truth. The most convincing argument is the stock price, of course, but if that isn't good enough, try this quote from 2003:
”We think that in our next round of funding we will get enough money to get a couple of our formulations into clinical trials. If we do, we will see success in our licensing to larger corporations that will be able to take us the rest of the way through the FDA. I advise people to look at our track-record, and look at our future plans to see whether we keep our promises.” - Dr. Malcolm Skolnick
Well, Doc, we accepted your invitation. We looked. You haven't kept your word, and your track-record is absolutely dismal.
Please relinquish your post forthwith. You may not like it that somebody else wants you to do what you should have already done (and I'm referring to some of the "pressure" you've felt from more than just this message board), but as my dad once pointed out, if everything is always coming right at you head-on, you're probably driving in the wrong lane.
If you don't, well, I think you already know what's brewing, dontcha, doc?
On the bright side, it sounds like there may be more news coming, and that would be nice. But if we want that share price to stay up, we need somebody who can capitalize on it.
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