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Sarepta Therapeutics, Inc. Message Board

  • joyfullfuncasual joyfullfuncasual Nov 22, 2006 11:34 AM Flag

    Someone Needs More Money



    1. Macary forms a 'For Profit' privately held corporation. Takes money to pay him plus the overhead.

    2. Contracts with one of his friends 'For Profit' privately held corporation. His business is managing proxy matters.

    3. Contracts with a high priced law firm. Requires a large retainer to charge those frequent phone calls against. Minimum $500 per hour, plus out of pocket expenses.

    Not a bad business model. Capitalize on the anger and frustrations of folks who failed to properly and responsibly preserve their investment capital.

    How do I know this? Well did not everyone notice that Macary formed two 'For Profit' corporations? One to be the umbrella under which; separate so-called "Trusts" are formed for each separate so-called "Advocacy" group. This provides a continued cash flow profit situation for Macary should the business model catch on.

    Win or lose; profits to be made, because it is a pay as you go profit making business model.

    He told you all right up front and you did not pay attention.

    This topic is deleted.
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    • forget the AVICINE, it has already been removed from AVI's pipeline.

      The point is ...

      $100M first time(2001/05/28):
      'AVI agreed to license a group of antisense compounds to Medtronic with an initial equity investment of $10 million and options that could reach $100 million'

      $100M second time(2002/05/02):
      'SuperGen and AVI BioPharma Reach $100 Million Cancer Vaccine Accord. '

      $100M third time(2006/03/13):
      'AVI BioPharma and Cook Group Enter Into License Agreement to Develop NeuGene Drugs for Vascular Diseases...This funding is expected to result in expenditures by Cook that could reach $100 million. '

      What a 100M pie.

    • Pretentious cloning and recycling of nonsense.

      • 1 Reply to vskomarovsky
      • Cook, being a private company probably has much more leeway in initiating a deal than a public company does. It is clear to see that Cook saw a chance that might elevate its stent program to the premier position in the industry. With a chance like that and their lack of SEC scrutiny may have encouraged them to deal with a management team they normally would not talk to.

        It also helped that AVII had Joe Horn formerly of Cook! This probably comforted Cook in dealing with a management team, they might normally cross the street to avoid.

        If a company doesn't feel comfortable with the management, they will avoid the science and possibly even try to invent their way around it.

        I have led technical teams where the directive from top management is we will not talk to company X. We want to accomplish the same thing, but we will not pay one red cent in royalties. This was often accompanied by a lecture on the parentage of the people running company X.

        At this point the wise manager salutes and says, "Yes, sir!" Then he directs his people to find ways to get there without infringing on company X.

        In some cases it was clear the company X of the moment could be bought for a fraction of the development cost we would incur.

        These things happen every day in the business world.

        Companies go out of their way to do business with people they can trust and avoid those where they have no confidence like the plague.

        *** I agree completely with what Redplate has previously said on this topic in this thread.

22.13Aug 28 4:00 PMEDT

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