News Focus
News Focus
icon url

neuroinv

09/24/07 10:31 AM

#10193 RE: laker9029 #10192

<<If she truly "plays no part in fundraising", I wonder, as well, what she does. Accounting for what is basically a PROJECT consisting of 25 people, expense budgets, virtuallly no revenue and negative cash flow esentially equal to spending is not even a full time job.>>

In the era of Sarbanes-Oxley, handling all regulatory/reporting requirements, it is a full time job. I wasn't suggesting that Messinger isn't busy. But Roger Stoll handles the fundraising.

NeuroInvestment
icon url

RBlatch

09/24/07 10:33 AM

#10194 RE: laker9029 #10192

I believe that there are some people on this board who don't appreciate, or understand, how a typical 25 person company runs. This ain't General Motors.

Cordially,
RBlatch
icon url

laker9029

09/24/07 4:03 PM

#10209 RE: laker9029 #10192

As I stated in the origional message, I requested clarification on management roles in the financing and asked for specific information on Ms Messinger's involvement, citing opinions that she was not involved in such work.

I received a reply from Roger Stoll in which he stated that Ms Messinger was involved in every financing and that they could not be done without her. He stated that in small companies, such transactions typically involved both the CEO and CFO and that financings were joint efforts in which both he and Ms Messinger were involved. Furthermore, he stated that "very few investors would finance a biotech if they had not spoken directly with the CEO and everyone of the companies who invested in the last round also dealt directly with Maria."

Having gone through this dialog, I do not necessarily know, one way or the other if we have a top notch CFO, but for now, I am going to focus on the upcoming series of binary events and avoid any further discussion of the management for the time being.


L