RE:RE:What a fail....forhandlaren wrote: Simply put - Howard choose to stay as CEO instead of handing over to whoever and thereby close the private placement as planned.
The only way to justify this is by an impressive NR round the corner that provide cash.
That is nonsense. SBM can't afford a new CEO, who would demand a bigger paycheck, and likely wouldn't invest any of his own money in the stock, just take freebies.
So say what you want, Howie is the only CEO we can afford right now, and he has been investing some of his own cash in the company. Yes, I would have liked to see him participate in this financing, but he was already in the process of lending SBM a million bucks, so no one should be surprised he didn't buy into the PP. I am not.
Yes, it will be a tough slog going forward if the AbbVie jerks keep doing nothing, and we will need more operating cash. But the finish line is in sight, so anyone who has been here for any length of time may as well hold on a little longer.