BNC Reply - Office of the COO - Continued
Last comment/question forwarded to Donald Olds: "The current share count/float is so massive, the sp can be controlled by the powers that be; until Bioniche has explosive concrete news, starts attending conferences regularly, and/or does a significant share rollback, we (sp) are not going anywhere, especially, with the company's past reputation. Please offer your input regarding my assessment of the share price and my questions?" .............BNC/COO reply verbatim: There is little we can do about the number of shares issued. We need to focus moving MCNA forward, which is what will drive value. as we move closer to potential approval. As per your point above, share consolidation is a difficult thing to successfully execute in small cap companies and obviously a share buy-back is not currently possible. We believe that we must focus on what we can control- which is to execute our business plan and focus on filing our BLA. Regards...... I will try and cut/ paste the entire exchange tomorrow to negate the few bashers trolling here.......... GL longs.......