RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:So anything good coming out soonSome practical points that I think are worth considering on this topic:
1.) One week from right now, we may be feeling a lot better about management. Now it will likely take a little longer than that to find out about the results of the phase 1a trial but we can already be pretty confidentthat something good has happened there that gives us reason to believe TH-1902's longer term prospects may be very intriguing. And who knows, they may talk more directly about patient #2 next week on the conference call.
2.) If you were to vote everyone off the board,TH would no longer have a board since there is no option to vote someone new onto the board and all board members are up for elelction each year (no staggered board). That seems less than ideal, no? And who would appoint a new board? I don't know as I have never looked into that but my guess is shareholders might have less a say in that than they should, at least initially.
3.) In order to kick a current board member off the board, you need a majority of the votes cast at the meeting (I am assuming this to be true but I have never delved into it). Since a lot of people do not bother to vote, getting a majority is easier than it seems. But you would need to convince me and some of the people I know well to join you and vote against the BOD if you have any hope of succeeding in dumping the current board. I am not there yet and I don't think my friends are either. But even if you convinced us all, you likley still would not have enough votes to succeed unless you got Soleus or whoever the hedge funds that Morgan Stanley is acting as custodian of their funds. If all of those agreed on a strategy, the board could probably be thrown out. The chances of all thsoe s hareholders agreeing seems very close to zero. Soleus would likely have to lead that effort and they would need to put forward a plan that seemed sensible. I don't know Soleus but my guess is this is not their modus operandi. They would also first have to file with the SEC signalling they are not just a passive shareholder. It seems like if they were planning on such an effort, they would have been talking about it already.
Now, everyone should vote their conscious but just realize the chances of effecting change are not real high at the moment even after the disappointing share price performance since Paul took over two years ago.
We should be getting the proxy very soon if the meeting is to be held in mid-May as is typical. My guess is the compensation part of that may inflame some emotions as it will once again appear that it is a "heads they win, tails you lose" type of game. While that may be the case, it is just a truism that shareholders normally undervalue the power they do have in such matters, that the odds are stacked against them by the rules surrounding corporate governance and that the board and management therefore can take advantage of that and often do. It is a rare occaision where shareholders rise up and take control and when it happens, it is normally led by a deep pocketed shareholder and not smaller shareholders.
PWIB123 wrote: And another reason why I still intend to vote against every single one of them.
palinc2000 wrote: You reap what you sow!!!
There has never been a consistent strategic plan over the company 's history.Tesamorelin was and still is a great product imo but for some reason the company did not in the past pursue any development with tesamorelin and only got involved after the Grinspoon study results were released ...and even then maybe the right decision then would have been to redo a formal FDA approved Phase 2 b clinical trial (and by now the results would have been known)
Then THTX gets involved with Trogarzo when by coincidence THTX s representatives meet with Taimed s rep during a Conference on Hiv I think in the US ...Recall that Taimed had been looking for a partner ....To make a long story short THTX ended up with Trogarzo and we know where we stand now,,,,
So three years ago everything looked pretty bleak and it was getting hot in the kitchen and what I felt at the time as being out of desparation or to create a distraction here comes out of the blue the acquisition of Katana for almost zero .......Katana had been looking for awhite knight for more than a year,......I dont know how the Katana story will play out but my point is Katana came about not by design as part of a strategic plan but as another try similar to dart throwing or a Lottery ticket The focus here on this board is almost exclusively on the dart game in the hope that they hit the bulls eye!!!
I think today is the 2 nd anniversary of Paul 's joining THTX,,,,I hope he is able to steer the company in the right direction and with a clear plan....and not behave like jumping bees...Paul still has my vote ......but I would have liked a shake up of the organizationin the first 6 mos of his tenure
Bucknelly21 wrote: I mean if they hit with cancer then im fine but before this it was nash, i waited, then before that trogarzo, i waited, i blame myself but as a shareholder who stuck with them theough it all i would be nice for an assist from the company