skooby...........I agree the lawsuit by Phanuel Pursuits is probably "sour grapes" - I just wish we were being informed more about it and did not have to find out about it from the "PP" poster (who I believe is directly involved with Phanuel Pursuits).
I also understand why CYGX cannot disclose information on an active litigation. Having said that, a release from CYGX given in a professional and informative manner to us, the shareholders, would be logical, helpful and legal.
Communication has been a horrible short-coming of CYGX.
The decisions behind a few news posts, released in past, have sometimes been mistakes i.e. the famous HVS mouse experiment carrot to be release in 30 days - over a year ago (I see that event as an impt. turning point in the trading of CYGX). Many of the releases from CYGX which are extremely impt. are somewhat lost among other releases which are almost but not quite fuff - this usually happens.
CYGX is a small developing bio-tech company which someday will grow into the great bio-tech company we all envision. When a developing company is in this stage, mistakes are made because there are so few to oversee the mistakes of the few others i.e. Berlin stock market listing - regarded by CYGX as a great plus and now possibly a disastor waiting to happen (?) - CYGX should examine this matter and get out of Berlin as other companies have done, if the stories are even remotely true regarding this market. Makes sense to me.
Making mistakes - we all do it - is normal but discovering our mistakes, recognizing them and doing something to correct them canbe the difference of success or failure. Anyone can make a mistake but a true and successful leader is needed to correct them and even admit to them.
Having stated this and on a positive note, all corporation of any note are involved in litigations - what is impt is how they handle it now and negotiating future partnerships.
As I have stated many times before, if CYGX is only successful in one of the many areas of investigation i.e.
sepsis - HVS - neoplasia - anti-inflammation - and so much more, the PPS will be a pleasure to watch.
I may have misgivings about management but I will always state that they have given all they are capable of - further growth and developement is mandatory in any venture such as CYGX especially in the management area and they must be aware of this fact.
I guess we can all agree that CYGX basically has been moving forward in a difficult area. Perhaps it is abit slow at times but that is the nature of the beast.
A massive improvement in PR/communications is needed on a professional and common sense level. Can't we all agree on this point?
However, we, as intelligent and informed and loyal shareholders, have a duty to keep management on their toes. Remember they do read this board and this is good.
Lets try to put these law suits on the nessecary attention level due them and nothing more and look to the present Pre-IND event at hand with postive minds.
IND's are impt ! and I feel that the present legal actions while not desired canbe learning points for the management at CYGX.
OUR TIME IS COMING (or near, depending on one's perception of time).
***Check out "inter_Pares" post #857 (Ihub/CYGX) on 8/25/2003..................... To amplify the excellent post by Thaliomiles.................................it's a keeper, explains alot and is in my folder of helpful posts.
Best to all - Rick
PS: please forgive my posts for errors - my original iMAC has seen its better days and will be replaced shortly.
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