GREY:RPBIF - Post by User
Comment by
dimar66on Jun 28, 2010 9:55am
397 Views
Post# 17226869
RE: $8 Million Private Placement
RE: $8 Million Private PlacementUnbelievable, Disgusting, Criminal
After all these years of development work, and expense to give to give this company away for next to nothing is just a total disregard of the interests of the common shareholders. This deal is an admission of the current management team that they have fail the company and the investors that have entrusted them. We would be better off in bankruptcy because at least there would be a hearing before a judge. We have lost 90% of our investment anyway so what is there to loose? OrbiMed Advisors two directors positions, if they get there I sure hope they know how to kick some butt.
Dimar