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PolyMedix, Inc. Message Board

  • mulletman99 mulletman99 Feb 26, 2013 10:12 AM Flag

    Shareholder Group Update

    Check your emails for update and voting recommendation.

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    • I quit the shareholder group because of what I perceived as an unnecessary concern for secrecy, (i.e. not being open with this forum) and a long period of inaction. Reminded me too much of the way PYMX does/did business. I can't see any good reason for not sharing the recommendations of the group on this forum. It is late in the game and this kind of thinking is inappropriate in my opinion. The last message I received from the group detailed negative interactions between them and the new management. I hope everyone reading this message board is aware of this. Why it needs to be private or secret or whatever is not clear to me even after hearing several attempts to explain it.

      • 1 Reply to noah108
      • RS is a dumb idea. It adds no value, does nothing for solvency, and gives a bad impression. In this case it additionally reduces liquidity which is not what you want with a penny stock. What we need is revenues, but how long is it, if everything continues positively, before Brilacidin is in the market? Aside from government funding wouldn't that be our first source of revenues? I am aware the company needs financing soon, so they need to lower costs too. If the ex-ceo was just blindly driving us off a cliff, how will the interim CEO keep us away from the edge? A company like this needs to focus on its tech, and the markets that would be interested in its tech, and a solid fiscal plan. I can't imagine they will fool anyone with a reverse split! They need an action with some meaning to it, like a line of credit maybe and some government funding, an interested partner with deeper pockets.
        PS thanks for the info - this is my only recent investment that is down. I got in at .14 but now I am not sure if this company has the what it takes management-wise. Promising technology, but needs more time, and without financing we won't have time! Again why waste time on the false impressions of a reverse split? We need financing to keep in operation.

    • Have you hit Send yet?

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