Please protect us! I don't know how McRae can continue to speak publicly about protecting shareholders and shareholder value, and not address or even hint at the share price. It is as if the share price exists in another dimension, unrelated to the company itself.
in his letter to shareholder he claimed that the focus has been on building asset value. As of 4:00 pm today the company is trading at 1x revenue, with no asset value whatsoever assigned to Urocidin, no asset value whatsoever assigned to Econiche, no asset value whatsoever assigned to the VMC...same for whatever it is that occupies space in Pt. Claire.
This is the sum total of years of effort in building value in the company's assets? It is difficult to fathom that someone could show up everyday and build less value for shareholders at the helm of this ship.
Bioniche is much like a band of Gypsy squatters on 50 acres of Pebble Beach California waterfront. There is value there, and thank you for reminding us Gypsy leaders. We the landlords just need to move the current tenants along somewhere else.