RE:It must continue to press the same Management issuesPaul is slowly building a team to implement his plans but unfortunately when you go high enough in any organization you will end up with one person with most influence, in case of THTX that would be the chairwoman. As per her discussion with Wino board members who have been compensated handsomely YOY are not wealthy enough to add to their "pathetic " small holdings! Apparently one of the reasons to offer shares to new shareholders was to reduce the influence of Stockhouse's shareholders thus even all of us had voted against the certain board members it wouldn't be enough. So I am not sure how we can press them more, emails been sent, direct discussions with Wino, and many including their second biggest shareholder have posted frequently here about lack of capital market engagement and so far not much luck.
We had good few days of volume apparently due to their recent interactions with institutions and now the volume starting to decrease. How many times did we see that happening. Institutional investor can't keep buying now that they are done where would be the new buyers/demand come from?
Scioto1 wrote:
While the company continues to make progress with its clinical work, our management issues have not changed. I've raised this a few times since the board vote. Inevitably that leads to leads to folks rationalizing their board votes or criticizing others for theirs. Our work is not done. We must press management year round on the following issues: (1) we need to have board of members who play an active role in advising the company and expanding our reach. We should be pressing year round on building the board. (2) We need a board that invests in the company. It's patheticThe number of shares some board members own. Some startups actually pay their board members in stock. Not sure if it works in this situation but I like the idea. You get the point. (3) A plan and resources for engaging existing and potential shareholders. Shareholders. Here, I see some progress in trying to attract new shareholders. I'd be interested to hear from some of our larger shareholders about how they are engaging you and other institutional investors. SPCEO has created a weekly report card and I commend him for keeping that going. Not sure if there's agreement on my list or better ideas, but I think such items could easily parlay into regular measures so that we could determine progress and discuss how best to press management. These core issues will not not go away until they are made a priority by shareholders, board members, and management and worked on everyday while the folks in the labs do their job.