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Spectrascience Inc. Message Board

  • goodspecky goodspecky Jul 5, 2013 5:05 PM Flag

    Jim Dorst Resigned

    Whats going on? Anybody know anything?

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    • Might presume it is a "cost saving" measure. BUT - who knows...odd to let someone go, without an replacement. Especially such a crucial position. On the surface it does not seem good. Paired up though,. with their last qtr. results it might not be bad. Lets see who they bring in, and where JD shows up .

    • Goods-I sold all my shares on 6/5. I was just checking in and read that you would like to hear my opinion. Well I had an hour conversation with Mark McWilliams the Chairman of Spectra on 6/5 and heard the usual excuses. I had sent him emails and told him in the conversation that the CFO and CEO job is to secure funding and for three yrs they failed. He told me how difficult it was. I told him that Mike should go based not only on the funding but on overall performance of SCIE. He defended Mike and blamed Pentax for dragging its feet but agreed that without funding can't move company forward. So Jim D is gone. If they found a solid experienced executive to lead SCIE and get funding, I may jump back in because I do believe in the WavStat. I also told McWilliams that insiders need to buy on the open mkt and he seemed shocked why I would say that.

      Here is a little story-I have a substantial investment in Mela Sciences(similar device company) which has been performing poorly and spoke to the newly appointed CEO out of J&J and GE and was member of Mela Board. Told him insiders need to show confidence and start buying. In one week, he acquired 100K/sh and every board member bought at least 15K shs-stock up last week over 35% and up 10% this week. CEO started 7/1 and has update conf call scheduled for 7/11 on how he will fix Mela. I have been buying hand over fist. Get more funding, find out why dermatologists are not adopting and utilizing MelaFind, correct problem, secure revenues, get shares up from $1 to $5-6 and find big company to buy Mela like GE/J&J. End of story! This is what SCIE should do.

      • 1 Reply to edwoods48
      • I sent McWilliams a follow up email yesterday regarding Dorst resignation and outlined Mela story. I suggested that MO also be terminated. He responded with more BS. If the Chairman is useless how can CEO be any better. If I was you, I would sell, take tax loss and jump back in if SCIE ever gets its act together. It is a very difficult situation.

    • Ask Him.......does not look good....means nothing ???..I dont know if anyone cares with this stock...screwed..? wonder when MO will go????

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