The Sad Storywe all know too well how weak, incompetent and greedy the old management was.
To satisfy their ago they made multiple stupid and unjustifiable moves destroying the company along the way.
The problem is...... how about new management? Can't think of any achievements whatsoever (if somebody thinks that paying million Plus for getting AH sold for 61M is the one - I can't help).
After listening to the CC got that sickening feeling ...... It's all over again. Nothing of substance, just need more time and hope, promises and projections, pie in the sky..... stock sinking all along.
- sale of AH - failure
- plant validation - failure
- canadian Urocidin talks - as of this writing Failure, again only hope and wait for the rosy future
- eColi vaccine - not a failure but outright disaster
- sale of plant designed and build specifically for eColi - what a Joke. All signs that it would be
another pathetic deal for literally pennies on the dollar if at all.... looks like sure bet for failure
- FDA Urocidin talk - took a bit of time already to say the Very Least (how much time past since the
Clown told us he knew EndDo trial was in big trouble and will fail? 2 years or less?
What had been done since? May I dare to say Nothing to speak of?
Such a promising drug and takes such a long time to get anything on regulatory path.
How many decades or centuries ago Jen Jen Jenny was spilling and bragging that Urocidin
has a Fast Track Designation, the path is approved by FDA with known endpoints and clear
objectives to achieve. What happened with this? Nothing.
Well, as Nohandle rightfully noticed we have a choice between selling for 61M or Bankruptcy.
Is it a choice really? You must be kidding. But company is going to additional substantial expense to
call the Special Meeting - tons of money WASTED..... AGAIN.
Bioniche at it's Best, old management or not.
As our so called "Dissidents" noticed AH is the One and Only asset of ANY value within this outfit....
and it is to be sold for this pathetic amount.... and we left with a Big Pie in the Sky, cash to last
only 15(??!!) months and tons of expected hope and patience. You must be kidding.
By the way, even of losing the only valuable asset we left stil with substantial Debt.
The sad story, very sad indeed.
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