RE: $2,000,000.00 Pension Player
I agree that Graeme was never svelte, but I would never say he wasted BNC's money. Graeme has always had a master plan, the problem being that with three business lines, we spent more money on new R&D then was being earned by animal health. He erred in thinking econiche would get government money at an earlier point and that endo would not mess up the Urocidin trial. Had endo given us another $20M milestone payment there would be no 15% loan and with $3M less interest expense another $3M in the bank. Add in a few million from Canada for taking over the cost of carry on the VMP as a hospital equivalent like expense and were trading for more then a $1 not .25. However, if Graeme does not find a white rabbit ASAP business protocol requires him as the corporate captain to walk the plank. Nothing personal just tradition. However, since the GW guys appear to be more corporate raiders at the moment, then corporate saviors, I would be careful what I wish for with them. A savoir would have offered us a cheap loan to replace the 15% loan and some walking around money. They didn't and instead want jobs as directors to boot so what has changed for the retail shareholder other then getting Graeme to open up the plan?
FYI: As No-reply has already cautioned you, it would be pretty easy for someone to now serve notice under the Libel and Slander Act. Remember BNC is supposed to be your fun money not your entire net worth.
HT