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Re: hokiecuz post# 9771

Thursday, 09/24/2009 11:50:48 PM

Thursday, September 24, 2009 11:50:48 PM

Post# of 29900
Hok,

I already wrote to Goldberg on this topic and had to resend my initial email twice and even added additional comments made by multiple people on this site regarding the atrocities that Ray has committed. Here was his reply:

"I feel by responding to this email, I am giving some level of credence to whatever negative comments have been made about Mr. Willenberg. I do not wish to demean Mr. Willenberg in that fashion but will answer so as not to let these negative comments stand as if they are a true measure of the man. Mr. Willenberg was recommended to us by some of our largest institutional investors ( who have many millions tied up in our company)and after speaking with him, I found him to be knowledgeable about financing, have a sound business philosophy and he also shared some of my conservative views on growth.
As you know, despite some great technical and business strides made by IDO over the last several months, the capital markets remain very tough for small growing companies like IDO. Mr. Willenberg brings additional contacts and expertise to me in this critical area.
It may be true that his company performed below expectations but so have many over the last year or so. That may have much more to do with market condition than be an accurate way to assess the competence of a Board member. If the shareholders, in the majority agree with those few negative comments, then Mr. Willenberg or any of the Board members will not be elected in our upcoming proxy.
I trust our shareholders will do whatever they feel is best for IDO and I will stand by their decision 100%.
For those other posted comments made by the person so negative on Mr. Willenberg, they are too absurd to be worthy of comment. Every filing and press release issued by this company has been accurate to a fault. If you will look on our website, the address and phone number of our new Israeli office is listed and not only have I been there but so have many others who do business with IDO.
Most Sincerely,
M Goldberg"

I hope this hepls clarify things for you. I will be curious as to what you think about his reaction. Enjoy the evening.

Neo

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