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DepoMed Inc. Message Board

  • acricketeer acricketeer Apr 4, 2011 1:51 PM Flag

    Was The Appointment of a DEPO Director Done in a Moment's Notice?

    Did someone storm out of the room. Is the CEO a temporary or an interim position? What kind of contract is in place? Still waiting for an 8K instead of a press release.

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    • It would seem that as of Friday CP was still in charge as there was no change announced regarding the Needham conference. This morning's conference call started at 5:00 am local time, the same time the Depo presentation at Needham was scheduled to begin. Circumstances suggest that the resignation must have been made over the weekend.

      Whether it was a push or a jump remains to be seen - that it was a sudden fall there can be little doubt.

      • 1 Reply to halfullhalfempty
      • The very best to Mr. P. Thank you, sir.

        Possibly this was a 'take the weekend to think it over' situation that followed some kind of confrontation with BOD last week?

        So many unknowns right now -- to me it doesn't feel like a buyout is likely although I bought more buyout insurance with September 9 calls today. A disagreement over "strategic vision" as RTK suggested seems more likely to me. Maybe the BOD wanted a more aggressive/less risk-averse approach to marketing Gralise. In the CC, Schoeneck talked about Gralise being the "catalyst" for "near term growth." How near is near term? What about the possibility of Depo purchasing a company for its sales force? Possibly paid for in part with a share offering? Who knows...

15.69+0.15(+0.93%)Dec 26 4:00 PMEST

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