RE:New CEO search???RH...Lets just see how "tightly held" those "tightly held" friends and institutional shares actually are when Wells and Gubbitz start working their phones and contacts.
Lets be clear here...It is not as if McRae has a track record of wealth creation to fall back on when GW start pounding the pavement. He can only offer promises of futures, but history would indicate that these promises may not, and more than likely do not, carry the necessary weight.
There is a reason that the "chart" has been shown over and over again. It doesn't lie and it doesn't scream success.
People seem to think all these loyal shares belong to McRae's family. They don't. They belong to people who are well aware of Bioniche's pathetic history of value creation and they want a return as much as anybody on this board.
Don't be sucked into the trap of believing the prevailing myth that McRae has an airtight majority...Its not even close to airtight or a majority.