RE: RE: 18to20 18 to20, now when I know that your significant shareholder - all my respect. Sure I would like your millions of shares vote for the right camp. First with your point: "...you sound like a mouthpiece for the dissident takeover group to me..."
Have to admit that I get your point. Agree that being so "vocal" I risk possibility being treated like that. Hope that you don't think that I"m G or W themselves, hope also that real significant shareholders would be able to figure out where I'm coming from and consider my point (I'm completely lost any patience shareholder).
Now let's take a look at your stuff item by item:
1. ".....our current leadeership has continued to make possitive strides forward..." - sit back, relax, take another look at the facts and probably you'll realize that as sad as it is this your statement is simply NOT TRUE. There was in fact no way forward for shareholders, it's literally backward with destruction of their value and consiquently share price. Failure to deliver after failure after failure.
2. ".....serious unanticipated setbacks"????? How many of them - 20, 30 or may be 50??? No exageration here if you'll look at 15 years of history.... So , at best, if that's really the case, it just gives 100% proof of complete and appaling incompetence as a business person.
3. "...pace of advancement.." what advancement are you talking about, is it success in destruction (now almost complete at 25cents) of shareholder's value? Or advancement with eColi virus? Or with PhIII trial?
Or with controlling suffocating cash BURN? Or? Or? and on and on she goes.......
4. "....introduced and is developing the MCC platform drugs, Econiche, as well as the new vaccine plant..."
well, a few points here. First - it's not Ruler, it's talanted and hardworking employess and scientists who developed these platforms. His task was to commercialize as a businessman and create shareholders value. He failed completely and misarably in this objective.
Second - business value is not yet proven of any of that items, as sad as it is to admit.
eColi virus and a plant, as of now, turned out as a complete disasters that destroyed our business. Hope for miracle that it will change somehow? With swedish freebies we'll be successful, that's for sure. Just a bit more wait, what are another 5-8 years to get a limited conditional approval there in the big scheme of things?
5. ".....group of Wells led stockholders who know nothing about running this company...." - Well, The Ruler, as a founder, and personal BoD know everything about running this company. More than 15 years experience in running a business unchallenged and unquestioned, almost like dictator. I guess we know the end result of their efforts, consisten destruction of value, straight year after year from $5.50 to 18 cents.
6. "...faith behind an unknown dissident group just for the sake of change, regardless of the possible outcome...." - what option will you choose 18tee20:
A) WELL KNOWN and PROOVED as incapable, incompetent and not a trustworthy OR
B) unknown to some extent, but having prooved credentials, past successess and giving you a hope?
7. "... Bioniche is far too close to a conclusion on all of these fronts..." - if you are a Real long term shareholder, then you MUST have a sense of de ja vu. Lost count how many times during last 7-8 years I had exactly the same feeling: We are "very close", just a "last push"....., just a bit more.. Over and over again and again. Enevitably ended in the same fashion: silence... then concern, issue, problem and.... outright failure for shareholder value.
8. "...what makes you so certain this is the right move at this time or that this group can be trusted?..." -
18tee20, it's bad outthere, "people are b itch". I'm absolutely uncertain that this is the right move. And in no way I'm certain that GW can be trusted. Again we are in quite horrible situation. You must admit it and not hide your head in the sand. I much rather prefer if we had a lot of time and a few competent and very well known management groups we can slowly and patiently to choose from.
WE DO NOT HAVE THIS LUXURY BUDDY. What I'm certain though is that we have no time at all left and The Ruler with his BoD must be removed no matter what, It simply can not be worse, as I said before.
So as of now we have only one option. That's what reality is. These people are giving us hope and it's our job, if it's possible and I hope it is to some extent, to make sure that their interests will be at least partially alined with ours. Let's hear from them and demand as much info as we can get, let's make OUR IDEAS HEARD TOO.
9. ".... This will rush Bioniche to make a deal, and we all know a rushed deal is never good.This will rush Bioniche to make a deal, and we all know a rushed deal is never good. ......" -
during all 15 years deals were rushed? Sellout of great business that became 500 million enterprise from which we got nothing was rushed? Other countless deals were rushed??? If they were than what kind of strategic leadership the Ruler provided???? Always on edge, always on the brink of insolvency, always last straw, always literally constant fight to avoid outright bankrupcy. All these 15 years????
If they were not rushed than even worse (if it's possible at all) - all that not rushed deals lead us directly and consistently from $5.50 to 18 cents. 15 years and counting.
Enough is enough. No longer and not anymore.