Jerry,
Linda is trying to avoid a hostile takeover that would leave us longs (not you, of course) with little to nothing to show for our patience. I appreciate that and am fine with the staff and directors getting bonus shares. In fact, I appreciate that the bonuses are in shares, not cash. That means the trial has to succeed for them to be rewarded. That makes them work harder. And when they work harder, us longs have a better chance of seeing a big payday.
And 5 million dollars of a loan, even at 10% interest, is quite a bit of skin in the game, more than most longs here, maybe more than all of us, collectively. And she is still risking losing it if the trial fails, even though she’d probably be paid before us. If we fail, there may not be $5 million in the coffers to pay her back.
Finally, I don’t consider the fact that she lost millions of dollars seven plus years ago, to be something we should sluff off and forget. That was a crucial time in the company’s history. Frankly, we would not be here if not for her generous investment. Most of those millions ended up being a gift because of the two reverse splits.
Jerry, I suggest you don’t worry about us longs. I’ve been here since 2013 and invested largely because I saw and appreciated how determined Linda Powers was to defeat cancer with DCVax. I look forward to seeing what happens year. And I will be happy to see Linda prosper. We already see where she’s going to invest her money next: in a biotech that has synergy with DCVax and may well allow us to openly use the C word when we talk about cancer.
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