Post by
beechguy on Jul 07, 2013 11:47pm
Wells Gubitz Circular now out - noose is tightening
For those of you who have not recieved the GW circular supporting their request for a special meeting (not your proxy vote - just supporting a special meeting) Either contact them or PM me and I can forward you one.
If you think you can stomach another few years after selling AH with Graeme at the helm, or you think a company with close to $3 in assets trading at .30 is ok, or you think Bioniche pharma revisited is ok (Bioniche sold it for 15.4mm - Roundtable turned around and sold it to Mylan for 550mm!) then do nothing.
"At this point in its development, Bioniche Pharma requires continued investment to reach its full potential, and Bioniche Life Sciences is seeking a strategic partner (meaning to sell it all) who will be willing to make this investment." Sound familiar???
Very important!!
over $1.2mm a month of our burn rate will still remain after an AH sale. So without substantial partnership investments, in less than 3 years all the funds will be gone. FDA decision will not be for another 2 years after that. AH is cash flow positive and should have a 4 times revenue valuation. The market is punishing this company because of Graeme's credibility and his obsession with Econiche and the VMC.
If you want one of the best CEOs in Canada (anywhere) to take over the BOD and the CEO position, then you must fill out the form supporting their request for the meeting.
A Wells win and our stock goes up to at least $1.00. A Graeme win and expect a drop into the teens again.
beech
Comment by
ragingbull1327 on Jul 08, 2013 6:03pm
Your bias overshadows everything you just typed.
Comment by
ragingbull1327 on Jul 08, 2013 6:06pm
So if GW wins and the stock doesn't go up to $1.32, I can hold you personally responsible for the difference? Stop spouting BS. you're way off