Management Survey UpdateHi folks.
Thought I'd send out the results of the Management Satisfaction Survey. Not quite sure how to post it so I'm just typing it in.
Results - There were only 23 responses.
- The names and aliases for the respondents were very different from the normal posters on this site although there were a few regulars including myself.
- As I've stated previously, names and aliases will remain confidential.
Management Competence. The belief in the current managements capabilities to move this company to the next phase, a 2c trial is widely dispersed and generally low.
Belief in the
competence of RVX management to move rvx-208 to a phase 2c trial is as follows;
- 10 - 0% - Extremely satisfied
- 9 - 0%
- 8 - 18%
- 7 - 9%
- 6 - 9%
- 5 - 23%
- 4 - 0%
- 3 - 23%
- 2 - 0%
- 1 - 18% Extremely dissatisfied
Communication To Shareholders Clearly, the shareholders that responded to this study are extremely dissatisfied with the communications provided to shareholders.
How satisfied are you with the
communications provided to share holders?
- 10 - 0% - Extremely satisfied
- 9 - 0%
- 8 - 0%
- 7 - 0%
- 6 - 0%
- 5 - 5%
- 4 - 18%
- 3 - 23%
- 2 - 18%
- 1 - 37% Extremely dissatisfied
Rate of Progress Shareholders are not satisfied with the rate of moving rvx-208 toward it's next phase.
How satisfied are you with the
rate of progress in terms of moving rvx-208 forward?
- 10 - 0% - Extremely satisfied
- 9 - 0%
- 8 - 0%
- 7 - 5%
- 6 - 0%
- 5 - 9%
- 4 - 5%
- 3 - 18%
- 2 - 23%
- 1 - 41% Extremely dissatisfied
Shares Held - This question was biased because it was intended to be multiple choice and I didn'y get the questions structure rebuilt. So what we ended up with is 44% holding RVX share and 56% holding Zenith, which means that at least 56% held RVX at some point. Keep in mind that this is clearly biased.
In Summary - Keep in mind that this survey has a very low response rate, it is not random and it is self selecting.
- That being said the scores on communications and perceived progress are very low.
- Belief in management's capabilities are slightly stronger but still very low.
My Thoughts In my over 35 years of testing customer satisfaction I have never seen scores so low.
That being said, customer satisfaction is different from shareholder satisfaction.
At least the competence scores are slightly higher than communications and progress scores.
Final Reflection I'm not reducing my share position. I still believe in the depth of knowledge, people, science and patents.
However, I do believe that competence of the communications to shareholders and potential shareholders must be improved.
Cheers
Toinv