OUSTING THE CEO
ACT's officers have taken money from shareholders to live as celebrities. For a company with no revenue and very little medical activity, it is time we question the CEO on his daily activities.
If you think Gary Rabin deserves $1,350,000+/year just to show up at conference calls and to tell us that things are going well, you are blinded by ACT's possible success. Medically, even with all its patents, the Company has been too slow recruiting patients and there is no sign of aggressive action to start many more trials. ACT is stagnating.
You are all aware that Rabin was with the Company during the toxic financing and that he knew what would happen legally if the Company did not fulfill its commitments. You are also quite informed that Rabin elected himself as CEO and CFO.
It is time we all ask Rabin what he accomplishes on a daily basis.
