Disappointment for PMN AGM.The vote for the current BOD is a real disappointment. The ball is now in the hands of the FSG to see how they handle this dilema. Goldstein and Williams have pounded PMN into the stoneage under the guidance of the previous Board, unfortunately now the new Board. Our only hope now is for Cashman and the SAB to unleash groundbreaking scientific data and deals that can be taken to the bank or we will continue to languish at these ridiculous share prices all summer. It's very difficult to watch the struggle taking place here as there is no real reason for it other than an inept BOD.
Goldstein is gone and that's start, but the journey to progress is going to be a mighty task. And those 18.2 million shares withheld for Williams, was from two investors.
I think its time for significant shareholders to mount a campaign and have a serious chat with the FSG and see what their plans are to advance the company. If acton isn't taken soon to identify a revenue stream, rest assured more financings will be a given and the inevitable share consolidation to follow.
This crapp has to cease. Who knows, may be are headed into private hands, and why not?