"Simpson,
I genuinely appreciate the information you've been giving us over the last five plus years. You, seven-up, and Steve, frankly, are the three main people that I can rely on for an objective view on this whole mess.
If you wouldn't mind, my two questions for you are as follows:
1) Are there people inside the company who internalize that AW is leading us down the path of destruction and want to rectify his numerous transgressions before it's too late?
2) In your opinion, what is it going to take for a change of management? You've mentioned that he's tossed the idea around, but it seems to me like he's "contemplating the idea" solely for the visual effect."
Don't mind responding at all clk5192, although this is the farthest thing from a proper business environment I can think of. Thank you for your kind words of appreciation. There are many more deserving over the past 10 years. I quietly read for 3 before post 1, after I learned of iHub after a sprained ankle. I'm sure seven-up and Steve are also grateful, there are many others too.
(1) yes
(2) The CEO didn't toss anything around, he specifically shared with numerous people that he wanted to retire! Could be any one or all of several possibilities, 8 in all. Another heart attack; further loss of faculties; Receivership applied for by creditors; Bankruptcy proceedings; Three specifically different categories of investigation leading to decisions; or a cataclysmic event engineered by family members to counter the Founder's Syndrome, because they have fully realized he is not as he once was and they are all, like us, in financial jeopardy. But, he is defiant, the smartest guy in any room and he bullies, resorting to a stubborn "No" to 3 major players....who does that?
The proof of the existence of the problems is found in share price, a guy in trouble wearing 5 management hats NOT reaching for the lifeline handed to him, 3 deals with major players bungled in less than a year and lack of recognition and defiance that the issues are serious - that's a huge judgment issue.
Who rejects fresh funding, a professional interim CEO who knows the company inside and out, the pain space and the FDA INTIMATELY, so he can sit as Chair only, with a non-interference clause and watch the company he founded turn around, make deals and the share price rise? We all know, or can guess, who the Interim CEO may be, it would just be really stupid to post it. My hard evidence is that I asked about a certain name and was told, "no comment", that was enough for me. Ask yourself, who are the 5 largest shareholders.....
I think a bunch of us put the puzzle together clik and it's magic. Hope this helps, thanks for asking.
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