RE:RE:RE:Dr. Toleikis deserves our Respect and Vote
Red,
Holler was is charge of a fund where Matthews worked . Matthews brought Holler over . Angiotech turned out to be a disaster after their sale and lawsuits to Boston Scientific. I surely hope you don't want the failure of Angiotech. Tolekis was Vice President in Science side , he was not in the board room negotiating anything . Proves my point Tolekis has no business acumen . He has does done a great job getting the company to this point and am sure is a fine person, but you need experienced management that can stick handle through with pharma and licensing deals.
Red I heard a rumour and you should ask Philip or Dominic directly that the group that did the previous pp at higher sp at 30 which was higher than the sp and did not charge any commissions apparently would have done it he raise at much favourable levels . Tolekis apparently did not even take offer sheets from competing firms . That's the rumour .
Red if this is true then you need to open your eyes and see that your investment will not achieve its full potential. How do you not know managements abolity when it comes to do a pharma or iicensing deal that they will not give it away like they did with the financing ?
You have to look at all angles of your investment . All risks and mangement is the biggest risk so far in my opinion .
MustangSally
that's respectable. I won't argue that Ray wasn't involved in bringing over Frank but I have to look at it in the context that Frank and Philp were already well acquainted decades before.
Anyways I see where this is coming from now. To be honest I have no idea why the decisions were made but I see the bread crumbs like Canaccord acting as a bookrunner in Sigilons IPO and have to trust that the right decisions were made.
For me to take a step back and look at my investment I do see management weakness as a risk and feel this can be mitigated now that we have some money to bring on more tallant and fill a position like a CMO.
Anyways if Tolekis didnt look at any other offers I feel like this deal was already done, it would be incredibly short sighted otherwise.