Quote LOL, "From Noelle. blah blah blah. "
Good gawd, blah, blah, blah no kidding ! What a bunch of brain drivel nothing-speak, Orwell quality spew that was? Can't believe the company even let that out as "official" news or "statement to investors" or whatever? Totally unprofessional IMO. So they sent their flunky "IR" dude or whoever Noelle is, out to DO THE JOB THAT IS THE CHAIRMAN'S RESPONSIBILITY.
And to add insult to injury, they act like firing the CEO, is worthy of some milk-toast response, on-par with releasing the details of having just painted the corp headquarters building a new color on the outside.
Again, gives me serious, serious concern about this Chairman, and where he left his cajones, in what lock box? The dude better man-up and BE THE CHAIRMAN OF THE BOARD, and explain to all what the H just happened, and why, and what his plan is, as the Chairman is the top dog, THE BUCK STOPS on his seat at the table.
Public traded corp governance goes like this:
Chairman of the BOD is the leader of all- all long term, general, strategic planning, financials responsibility, sign-off on all critical matters and total overall LEADERSHIP of a company. President of the U.S. effectively, or TEAM OWNER in the NFL.
His/her, Board, aka the Board of Directors, is like his/her Presidential Cabinet, or in the NFL the "front office" staff- all seasoned pros with areas of expertise like team mgt, finding players, finance, etc and often even family members or old ex-player close friends, etc. They are the carefully chosen, seasoned advisers, to give a "vote" and guidance, open doors via connections, handle special areas like financing cause they were investment bankers once, or govt relations cause they're a former astronaut and can get every congress person in the country to return their phone call ASAP, or regulatory cause they went to Harvard w/ the current FDA director, etc.
CEO: Chief of Staff to U.S. Prez or HEAD COACH to the NFL team owner, who's job it is, to take the "big picture" strategic plans, and EXECUTE THEM FLAWLESSLY on a day-to-day basis, and bring home the wins. Eat, drink, sleep the biz, 24/7, 365 days a year and for that get greatly rewarded when/if it all succeeds.
Right now, the ball is sitting on the CHAIRMAN'S DESK, it's HIS TURN TO SPEAK. And he appears to be in the closet with the door locked, listed as M.I.A., on the golf course, or gawd knows where? But the dude ain't handling this properly IMO.
Again, Chairman's (with the full board's approval, or at least a majority) they are the dudes who FIRE CEO'S, then it's THE CHAIRMAN OF THE BOARD who then needs to "GO PUBLIC" and EXPLAIN WHY and THE PLAN to shareholders and to Wall Street.
Simple as that to me. Milk-toast, boiler plate "blah, blah" from the flunky IR department or whatever, ain't gonna cut it. It's not like you fired a mid-level manager- you just cut the damn CEO loose, and that's one seat away from the Chairman- so what the heck is going on ADXS?
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