Our ConcernAccording to my sources and knowledge I must confirm that concern re Graeme.
It was dragging for long time but specifically became an overwhelming obsession during last years.
He thinks "BIG". Refer to his voice on our BB (HighTea) who reminded us a few times lately - "didn't we invest in BNC to hit it Big?" $20.00 per share or nothing, that's the game.....
Sorry, not for me though for 2 fundamental reasons:
1. The guy who leads this gamble and who proposes to risk all (our) money
on this endeavour is not risking himself that much. During very long time he enjoyed simply Enormous basic salary (considering his actual achievements). On top of this didn't I mention countless other company's perks he was getting, known and unknown, all at our shareholders expense? Of course ending up with that $130M deficit he owns to shareholders.
Then if I'm not mistaken he still hopes to get that $2,000,000.00 pension from us. Obviously he will make sure to retire and collect our money before bankruptcy. But in the meantime for now he intends to continue to enjoy his cosy and warm position as long as possible.....
2. Urocidin gamble - would be played under leadership of the guy who failed countless number of times on countless different objectives during 15 years????? And I'm supposed to accept it???
Didnt I mention already that it's just beyond real to seriously suggest that Mr. McRay is the one and only person in the world who sees true grandiosity of Urocidin? UNBELIEVABLE.
If Urocidin is in fact that great and in fact offers such a real opportunity then it MUST be a Big Multinational pharma (not such a P OS like BNC or Palladin Labs) who would see the same.
In order for us even start to consider such an enormous risk and possibility of stock going to $0.00
Mr McRae MUST deliver real deal. It must be with the guys like
Pfizer, Novartis, Glaxo, Astra, Lilly etc.
If he was not intentionally lying and /or misleading us on all that potential of the drug, realities of failed EndDo trial and so on then this deal MUST give us at least
$60M down, at least $150M in milestones (known to us, not the same B S as with EndDo) and considering our ability to fund anything it must relieve us off expenses.
In the absense of such a deal and having just Palladin Labs achievement it's completely beyond me how ANY SHAREHOLDER IN THEIR RIGHT MIND could even listen to the garbage of our Leader.