RE:Horrific value destructionHonestly ZoranSto do you expect anything less from gagnon, After all as proph pointed out, this stock was once at $300US plus and getting it were it is today takes a special type of talent to ensure that you (gagnon) continues to get millions$$$$$ while the shareholders lose their investments.
When proph, aka gagnon talks about merger of equals who would of thought that what he actually meant was merger of losers. All 3 companies that gagnon controls have steadily lost sales, in one company, their major customer is now their major competitor. All 3 companies that gagnon controls have severals irons in the fire so to speak (pipeline) but for years nothing has every transpired from this, not 1 thing, except a drain of capital. Hell the saviour we are told is PGX, gagnon can't even commission a 50L plant but ned to produces this saviour on a commercial scale. remember they still need government approval that does not," NOT" transpire in in a short turnaround. You first need to produce a consistent quality product on a consistent basis before it can even be sent out for approval, which micromanager gagnon has shown he cannot.
There are so many failures associated with gagnon, incompetent hire (NoShowRonnie an example) and missed deadlines that the investment community treats anything gagnonname is attached to with disdain and distrust, hence the stock price.
But does gagnon care, no because he realizes at his age his days are number (dementia approaching fast) that he will milk this cash cow for as much and as long as he can,just look at he money he has drained right now with, CZO, Aezs and Juvenite.
You can expect ahe is asking for big pay increase on July 20th and in US$$$$$, all of this so they can continue to promise the world, while not delivering except losing million$$$$, right now at $5,000,000.00 per quarter