I am not and have never been an employee of Bioasis. I am an independent commentator and, as such, I believe that my legal and practical relationships with Bioasis are much the same as the company has with Edison, Tailwinds, Zacks, Stockhouse, [paid promotional message] and others. I have posted full disclosures on this forum and therefore they are part of the public record. These disclosures describe my relational and legal responsibilities with respect to Bioasis, responsibilities that other posters do not have to concern themselves with. Anonymous Stockhouse posters, like most participants in all social media, need to worry only about the legal consequences of telling lies about people who are not anonymous.
I have always maintained substantial distance from the company. I have rarely called the CEO or anybody else, and that is for two very practical reasons. The first is obvious. As a commentator, I really don’t want to know confidential stuff. Confidential information completely ruins a commentator’s ability to comment, to express considered opinion. It especially ruins a commentator’s ability to objectively speculate about his client’s potential actions, possibilities and probabilities. When an analyst’s opinion is influenced by confidential information then nondisclosure agreements are implicitly broken and disclaimers become false. For commentators, that can cause potential legal issues with both regulators and clients.
The second thing about insider knowledge and selective disclosure is that if leaks occur, it can’t be blamed on the commentator if the commentator was never told about it in the first place. I used to go weeks without talking with Rob Hutchison. Mark Day caused me endless problems by calling me several times a week. My relationship with Deborah Rathjen, while being cordial, is nevertheless by far the most distant of all three CEOs. I don't even average one call a month. Dr. Rathjen takes compliance with regulations and contractual obligations very seriously. I generally am told nothing about anything and that works just fine for me. I’m pretty good at figuring things out for myself.
I absolutely did not know about Dr. Rathjen’s appointment to the position of CEO of Carina until AlfredSisley posted the links to it on Saturday morning, November 28, 2020. Since the Carina announcement on July 8, 2020, I have spoken to Dr. Rathjen twice, and there was not a hint of the Carina stuff or anything like it on either call.
Had I been informed of Dr. Rathjen’s appointment at Carina, I would have immediately done two things. I would have advised her to make an immediate public announcement in such a way that Bioasis shareholders would be assured of knowing about it right away, and of hearing of it directly from herself or Bioasis and not from Carina. You don’t allow shareholders to learn about such a thing by some accident of discovery. You should stay in front of something like this. That is a blunt criticism of how the thing was handled. (But it's still only my opinion. I doubt there was any rule or agreement broken with the way it was handled.)
Secondly, I WOULD HAVE IMMEDIATELY POSTED THE NEWS HERE, the moment I found it, no question, no doubt. As far as I am concerned, because the news was posted in a public place, it would not have broken my nondisclosure agreement to reveal the news on this forum or anywhere else.
Whatever my relationship with Bioasis and its CEO might be, it exists almost solely because of my relationship with, and support from, shareholders. Somebody like me is a pain in the butt for a public company because they can't control me and don't even want to try. And I don't take either the company or its shareholders for granted. Too many people, both shareholders and Bioasis insiders, have too much at stake for me to be wantonly messing around with them.
The shareholders get opinions and knowledge from me that they will absolutely not find anywhere else. I take that very seriously. I'm ok with being stuck between the shareholders and the company. Dealing with both is simple. All it takes is truth and honour.
Speaking of knowledge and opinions, I hope to have three posts out this week. The first, which I really hope to get out today, is the post about “Things That Would Not Surprise Me.” I want to get that on the record. The second is about Popeye82’s post on November 14 about glioblastoma that he entitled, “
NEW Discovery. I have done considerable reading about the topics raised in the referenced University of Michigan article and I think you’ll find it all very interesting. And, of course, progranulin has recently appeared in Bioasis literature, so we had best have a look at that, what it is, and what Bioasis may be chasing with respect to it. These posts will not appear here.
Ok, work to do, later...
Davenport