Next move are we aware at what price realistically would be possible to sell VMC (based on this value the whole idea which looked seemingly attractive for us can suffer) given the following:
- our urgent need of cash
- current market
- our intent to preferably somehow keep the means to manufacture eColi virus if and when need might present itself
I'm not and honestly I doubt that anyone on the board is, even if they claim some numbers. Good example is Beech who looks like one of the most informed posters here and still...... dead wrong, time after time.
It's extremely complicated stuff in real life, I guess it might be the good reason for the above. The same is true for making the deals on Urocidin. It's even worse in that sense. But we have to do it, there is no other choice, and what I'm trying to say is having Mr. McRae strike the deals makes me sick. It really is. He proved himself completely incapable to make the right deals with right people on Urocidin not once but multiple times. But it's even worse than that - he proved himself completely incapable to make anything even remotely good for shareholders on ALL other fronts during more than 15 years. Instead of this it was simply opposite - he proved himself 100% capable and completely reliable in the objective of shareholders's value destruction.
Straightforward, consistent and predictable way down year after year, $5.50 -$4.00 - $3.20 - $1.98 - $1.40 - $0.90 - $0.50 ...... 18 cents
What's quite remarkable is that still, regardless and completely contrary to the well known and undeniable history, still a few posters here have the brains, memory or the guts(?) to try and push forward the idea
of "success is just around the corner", just "last push and we're done", "can't abondon horse right at the finish line"........ Unbelievable. Do these posters have such a short memory or they in fact have just slightly different agendas?......
It would be great somehow to avoid fight. It would be great if the associated some desruption of business can be avoided also, but I agree with NoHandle that given circumstances it's unlikely.
Still it's the best for us. We must have a change. No matter what. As an absolute minimum Mr. McRae must feel a real pressure. And I mean the REAL one ....which we, as a shareholders were not able to provide as of this writing.