Sir Frustrated…
I feel compelled to address some of the issues you raised in your post # 56034…
You stated:
“The BOD and mgmt can change the direction and the fortunes of this company in one second if they really wanted to. Again, all it takes is an announcement of a qualified and real COB not one of ES's cronies.”
In my humble view…There is nothing wrong with the direction the company is taking. That is…Advance Bavi anti-cancer ASAP using company money. Advance Bavi anti-viral using external money. Continue moving Cotara along. Continue increasing revenue through addition CMO business, biosimilars development, government grants and contracts. As to the fortunes of this company…THE ONLY THING THAT WILL CHANGE THAT IS ADDITIONAL MONEY…!!! No one individual by virtue of his persona alone can change the fortune of a company…Unless he comes with sacks of money….
You then continue with:
“There is absolutely no harm that can be done in doing so and by not doing so mgmt is showing no matter what Mr. King says that they are not interested in accelerating their drug pipeline or making their company successful.”
How does it logically follow that; because they have not filled the COB position that the company is “not interested in accelerating their drug pipeline or making their company successful.”? They ARE moving the drug pipeline along quite well with the limited resources they have. The success of the company will be determined by the success of the science…Nothing else can make this company successful.
You then add:
“Just think if the stock price was higher or if PPHM was sold how much faster the trials could be started and finished and how many more trials could be done.”
My goal is to have the maximum return on my investment. The only issue with where the current price is; is the issue of additional financing at this level. Selling PPHM today…??? At what price…???
What Sir do you consider a good price…??? I’ve made my calculations…You can read them in my previous FEW posts on this board…If the science holds out, this enterprise WILL be worth billions…Which implies that shares will be worth north of $100.00/per share…That’s what I’m holding for…And You…???
You then jump off the deep end with this beauty:
“Instead they insult shareholders and make the pro mgmt supporters look even more dumber by saying the company is better off without a COB. (How has it gone so far without one?)”
Could you please explain that? For this casual observer, it appears that you just threw something up in the air and are now hoping that it will deify gravity…!!!
You conclude with:
“Seven years and counting and not one person has been replaced on the board given all the mistakes they have made. Really criminal imo.”
I will conclude:
This board…As is the case with most boards with some history, have made mistakes…They also made some pretty good decisions as well. Changing priorities from Cotara to Bavi I consider; being one of them. The entrenchment of the board…!!! Deal with it…It’s a reality…!!! The fact that the COB position has not been filled could very well imply that under the right conditions this position could be filled with an eminently qualified individual replete with several bushels of cash…Or not…We don't know
If you think that the BOD stinks…You need to walk around Wall St. The stench of greed and evil will cause your nose to blow up and your eyeballs to pop out.
Regards
Golfho
