Replies to post #44357 on Cytogenix (fka CYGX)

[bigworld]

Tex:
Perhaps if management had not been absorbing such a large chunk of the operating capital with their exhorbitant salaries the company could have hired several more scientists and support staff. Then we'd be much further along and the share price would not have flushed down the toilet as it has. I know stocks go up and down, but this HUGE drop in the share price did not have to happen and should not have been allowed to happen if management had put the success of the company FIRST by operating with a greater sense of urgency and by keeping their generous salaries at a level compensurate with the level of success achieved. But they rewarded themselves beyond what they achieved and in the end it cost us all a year of futility, a loss of momentum and a 66% drop in market cap. Well, at least half of the management deadweight is gone.

[Kancamangus]

Tex, I'm not sure the employees even matter.

Granted, they are the company in the sense that without them, this is bust.

However, guys like Malcolm are not beholden to the company's employees. CEO's answer only to the board of directors as far as I know.

If Malcolm is ever ejected involuntarily, it will be by their hand, and I don't even know if any of them work for CYGX at this point. I don't think any of them do.

I'm fairly certain that a shareholder vote can force that issue, although I'm looking into it to see if that's valid at this point. Sad, but true. But, hey, every New England winter needs some sort of project to help you pass the time, eh?

Sure, I'm just a little schmuck with less than a million shares, but I know a couple of folks, and they know a couple of folks, and we've all watched our Rome burn to the distant strains of a poorly played fiddle.

Yet, you don't have to be a super-hero to change things in this country. You just have to figure out what it takes to get it done, assemble the necessary resources, and drive it to the target. Can't be easy, but can't be impossible either.

I've never ousted a CEO before. But, it sure would make a great inspirational story for the kids, wouldn't it?

Then, when the arrogant CEO who thought he didn't actually have to tell anybody what was really going on refused to answer Daddy's email, Daddy called Dr.'s X, Y, and Z and reminded them that they had lost around $2M of net worth in the last 6 weeks. Those doctors sure got mad! They were already mad to begin with, but when they realized how arrogant the CEO was being, they started calling people, too! Next thing you know, that conceited CEO was as gone as the Patriots' Super Bowl hopes!

Like I've said, Malcom ain't CYGX. That science is there with him or without him.

Without a very specific communication to shareholders about the impact of our management shake-up, I'm done with Malcolm. I don't care if he raises the stock price to $10/share after that because without the necessary communication skills, it'll fall right back down again.

Start typing, Doc.

K