At best, Messrs. Lacle, Syed and Saleem have been negligent and incompetent. At worse, well, let's just leave it at incompetent and negligent.
Pristine Pharma Corporation is Michelex' only real asset, and PPC's CEO, Mr. Venkat Kakani, has publicly acknowledged that promised funding was never received. However, a majority of shareholders do believe that Michelex should at least be given an opportunity to become a successful company that is transparent and focused on creating shareholder value for all shareholders, not just those who happen to be members of the Board of Directors. That is why the shareholders of Michelex have decided to remove Messrs. Lacle, Syed and Saleem from the Board of Directors.
As previously noted, there are no guarantees that Michelex will become a profitable company. There are many challenges that need to be overcome, and the first is to seat a Board of Directors who believe that Michelex should be a transparent company that is committed to creating shareholder value for all shareholders.
Sincerely,
Dino A. Sawyer
savemichelex@gmail.com
