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Thursday, April 18, 2013 8:05:15 PM
For the amount of shares outstanding, the exact amount is 998.5MM shares. Only 1.5MM left. Cynthia has asked for the maximum of 1B to be raised but, for this, she needs the approval of the majority of the shareholders. Since the Malaysians owns the majority, she only needs their approval, which she should get pretty soon.
For the SEC issue, first, I personally think that the worst thing we can do here is to file complain about Viropro to the Sec. The last thing we want is the Sec to put its nose in Viropro. Second, someone said on a post that we should ask a specialist about the voluntarily filings and so on. I think the best person among us to answer this question is Claude. I know he comes on this board once in a while. Claude, can you please get the right info and come back to us. I'm getting tired of seing bloggers come with their different views of the issue.
Is Cynthia a major shareholder? Not at all, but she had the votes of the major shareholders, more than 60%.
About the reason why the former mangement was fired. Not very complicated. The old management and the new one had different views about the future of the company. Since, as mentioned earlier, Cynthia has the votes of more than 50%, the old management didn't have other choice than resigning. Don't look for anything else. By the way, one of the issues between the 2 teams of management was that Viropro was not current. Which was, for Cynthia, unacceptable.
We don't have any date for the company to be current for the one and simple reason is that Cynthia doesn't want to give a date and won't deliver one more time. At this point, the question we have to ask, here, is the following: since Viropro hasn't any cash to pay anybody, is there anyone working on the financials? Your answer is as good as mine.
I'm very disappointed the the company is not current, but for knowing Cynthia and having met her personally, I can assure you that she does all she can for the company and I really hope she will succeed. She's 200% devoted to this company and she really wants to make a success out of it. Will she success, I do hope so and I think because...she's good. Now what's going on the the [}#}*+>{#^*#}+ filings....just don't know.
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