Followers | 5 |
Posts | 973 |
Boards Moderated | 0 |
Alias Born | 03/03/2011 |
Thursday, November 10, 2011 10:44:50 PM
biotech ventures board is a joke. If you follow that every penny that u have should have been or should be invested in nothing but MNTA. In short it is an attempt to convince people to throw their winnings from AMRN to MNTA (whatever maybe the motive).
I do like MNTA the company. I HATE THE MANAGEMENT. ESP CRAIG WHEELER. HE DISPLAYS NO SENSE OF URGENCY. HE TALKS LIKE A REPORTER/JOURNALIST REPORTING A STORY IN THE CONF CALL. I HATE THE WAY HE STOLE 2% OF THE COMPANY WHILE AT THE SAME TIME (5 YEARS) HE CAUSED SHAREHOLDER LOSS OF 40%.
I PERSONALLY THINK MANAGEMENT CHANGE CAN WORK WONDERS HERE. I HATE THE FACT THEY ARE THROWING MONEY AT CLINICAL TRIALS FOR M402. I HATE THE FACT THAT 400M IN CASH EQUIVALENTS IS WASTING AWAY IN BANK. IS THERE ANY SENSE OF DOING THE RIGHT THING FOR SHAREHOLDERS IN WHEELER AFTER GRABBING 2% AND CAUSING 40% LOSS TO SHAREHOLDERS IN HIS 5 YEARS AT THE HELM. WHY CANT THEY AT LEAST DO A TOKEN BUYBACK OF SAY 75M .
I believe they have good scientist base including Ganesh the CSO. But these comics (CEO & CFO) need to be replaced. Look how they go to conf calls (almost 25) and they have repeated the same shit. There is no accountability to maximize shareholder value. they will likely soon get copaxone approval. what is the need to hold cash for funding expenses for full 4 years (esp now lovenox is still earning big money)
BTW what happened ? Why did u leave the mod pos in MNTA board ?
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