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Guilford Pharmaceuticals (GLFD) Message Board

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  • fwb54 fwb54 Mar 2, 2005 3:59 PM Flag

    It Will Bounce Back!!!

    <EOM>

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    • Too lazy to listen to the conference call or play the conference playback yourself? And G. W.B. wants to privatize Social Security and put their own retirement decisions in the hands of people like you!

      90 days on the job and the new CEO said he would not comment on strategic direction until later in the second quarter after he had reviewed his findings with the GLFD BOD; said the BOD had given him a "broad mandate" (read we fired Craig Smith and need you to get us out of this mess) and "everything was on the table"(read stop the cashflow hemorhage).
      Said GLFD had a "complex capital structure"(read stultifying web of debt, warrants, convertibles, options, calls on revenues and the opaque SND agreement);said Aggrastat sales were a very big disappointment"; the company's FY 2004 (miserable)economic performance (y over y losses growing 67% and expenses nearly doubling)"speaks for itself"; C

 

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