RE:RE:Open letter to CEO of TSTNearlyDone wrote:
so you guys wanna start another proxy war with the company and have them burn up what remaining cash there is fighting off a bunch of scrap heap investors who bought at 7 cents and lost 2 cents?? come on why waste your own money. do people remeber how great the last war was for shareholders??
Did it ever cross anyone's mind that this management team saved the company when they took over?? just maybe they had a good look at MCNA early on and knew it was a very modest looong shot for ap[proval but worked diligently to push it through to the decison point, raising 45mil along the way?? The US and Euro guys knew what their odss where and they sat at the table. Unfortunate for all but they lost. MCNA might live to see another day and it might not but if mgmnt didn't close the US financing and Euro distribution deal the company is at 5 cents with nothing in the bank...........nothing and bankrupt. instead they have 35 mil plus, minimal burn- real opportunities to sell or invest and a monkey off their back. i appreciated the brutal honesty and yep it was brutal. i say step away from the forest and take a real close look at what is in front of you before you cut your own throats.
2 cents?? many lost lots more than that, and the loss is far greater than 2 cents since this current management team took over.