New CEO search???The question I ask myself is; why on earth would Graeme be conducting a CEO search? Paying someone probably several hundred thousand to find one, when the most decorated CEO in Canadian Biotech history wants (is demanding) to be our CEO?
If Graeme thinks this is in the best interest of shareholders, then he is not only sadly mistaken, but perhaps even part of some darker powerplay.
To hire a new CEO and further dilute with another xxx number of shares and pay him several hundred thousand dollars, just to have us buy him out in a severance package (several hundred more thousand dollars) when William Wells takes over, is bordering on criminal.
Graeme should do the right thing and step down. Cooperate with the people that are experienced in maximizing shareholder and enterprise value. This way he gets to leave on his own terms with 8mm shares (of a soon to be thriving company) as CEO that brought a treasure chest of assets to the company. Not as the one that ran the company virtually into ruins with bad decisions. Do the right thing Graeme for once.
beech