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InVivo Therapeutics Holdings Corp. Message Board

  • mp.indiana mp.indiana Sep 2, 2013 8:18 PM Flag

    NVIV Part 3 Where We Are


    The last two weeks were extremely miserable for us longs. I was never so happy for a three day weekend. I want to take this opportunity to clarify where we stand. First and foremost, Frank has great difficulty with facts and deadlines. I believe I can accurately say that I’ve been involved with NVIV far longer than the majority of folks that are long this stock. During that time, Frank has consistently missed each and every deadline that’s ever been promised and has made statements to me personally that were inaccurate. As such, the fact that his most current statements were inaccurate is really not much of a surprise. So where are we??
    Frank is Gone: Despite the reaction, this is actually really good news. Frank had a lot of passion, but he also had a lot of baggage and issues with credibility. Frank being gone is very, very good news for the stock. I will elaborate on the reasons why in the last section.
    New CEO: While I have not personally talked to the new CEO, from everything I have read, he will be a huge step forward for the company. He’s been vetted by the government, heavily involved in biotech companies, and has a very distinguished and proven track record. NVIV is very heavy on science, but what it lacked was proven leadership and insight. From everything I can see we got that in the new CEO.

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