RE: RE: Mr. Wells.
Bones, who provided 9 and 10? ;-)
I will add 1a, 2a and 2b
1. Embarassing inability to provide required and simple formal thing - register your shares.
1a. Insist that he's right only to later yield to Mr. McRae's explanation and register
stock, too late apparently.
2. Not provided another required simple formality - list of directors.
2a. Again publicly dig in and insist that all' done right only to bend yet again and provide
required list..... also too late
2b. Dig in and publicly insist that first requisition was fine and VALID only to comply
with Mr. McRae's demands later and submit second (!) requisition, which to me
clearly implies indirect admition of deficiency of the first one..... so much for such
a dig in........
3. Having done another ridiculous and inconsistent thing which was NOTED BY the JUDGE -
regardless of implied "urgency" having wait for one month and doing nothing.
4. Making extremely strong and multiple public comments on AH sale, only to change position
(which was a cornerstone of the whole compaign) to OPPOSITE without any explanation
to shareholders whatsoever.
5. Extremely strong repeated public comments on inappropriatness for such a small company
with troubled finances to pursue risky, uncertain and very expensive Urocidin thing without
any business to back it up (AH).......
again just to change position on OPPOSITE, again no explanation whatsoever.
6. Extremely strong NEGATIVE repeated public comments on offering at 0.29 cents....
only to support it later and even more.... take part in it.
7. A 30-% dilution was considered very bad for BNC.and unnecessary. This is now a 50% dilution when options are considered.
8. GW accepted $500 to drop his activism and join the BoD.
9 Used shareholder activism to gain entry to the Bod.
10 Dropped the idea of an alternative board to vote for. Now only preselected board is proposed.
Go ahead folks add to the list.
P.S. Almost completely destroy previously good credibility in just a few months.... wow!
It's definitely better than Graeme managed to do.
Can you imagine that for canadian biotech "heavy weight"?