I remember 3 or 4 years ago, a common theme was that Graeme must have a nudge nudge, wink wink deal with the Government for an Econiche subsidy or mandate. They had to have... why else would anyone spend 60mm dollars to build a plant to manufacture something that had no market?? Why would someone purposely build a plant that could essentially bring us to our knees? A 700k a month burn rate, 100mm Cap Ex., when its all said and done. (and it still ain't done)
We aren't Pfizer with 10B in cash. We are, to the best of my knowledge a Canadian microcap, that has never had more than 30mm in cash at any any given time. (usually much less) What CEO could survive such a disaster?? Only one. Our esteemed General, who is currently hiding behind a technicality, so he can have one more swan song as CEO.
David Holveck got fired from Endo for much less. Graeme you must choose a new CEO, with a shred of street cred. The market has given up on you. When you put out a release stating you have 30 suitors for Urocidin, (that you have already said is worth way more now than it was in 2009 - when it was was worth 140mm) You also said you have 3 written offers for Animal health, and have all but come out and said it is worth 100mm plus. How on earth can you explain BNC trading at .34, other than the market doesn't believe a word you say anymore.
As Zep stated, with a new CEO statements like those would send our stock into orbit. You have essentially said that we will be getting $1 / share in cash and at least .50 in upfront payments for Urocidin and the stock moved to .34??? There can only be one rational explanation and it isn't the proxy fight. GL
beech