Very good letter, thank you for posting it. Though I haven't been invested as long as you have, I share both your concerns and hopes. Whatever plans management have made were probably made quite some time ago, IMHO, and the odds of making a difference at this point are probably low. But at least you've communicated to Mr. King your thoughts and on the off-chance that he's open to a shareholder's point of view this late in the game, perhaps it will make a difference.
You hit on the most troublesome thing about this company - management's regard for shareholders. They've never been shareholder friendly. They exist in a highly competitive, dog-eat-dog world, where one eat's it's own to survive until the big money rolls in. And the risks are too high for the big money till any fool can see there is a winner. We just have to make it to that point, where even fools like X?X!? will come around! And I believe it's getting very, very close, relatively speaking (is biotechnology start-up time the same as human time? There must be a trick multiplier here somewhere.)
I'm sorry about your friend. Thank you again. Best to all, even clearwater, realist and jessme.
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