Looks Like There is Really Somthing To Fight For ????
the defendants have worked tirelessly and at great personal sacrifice to market CVBT’s drugs to potential licensees, which has been the entire purpose of this company. Those negotiations have led to deals which can be finalized in a matter of weeks, bringing tens, if not hundreds, of millions of dollars to CVBT without issuing additional debt or equity. Those deals have been reached because of the experience and knowledge of the defendants. The loss of these key personnel in exchange for new board members unfamiliar with the potential licensees or the legal, administrative and other requirements of the drug industry is likely to scare potential partners from the table. (Ex. 2 ¶¶7-17). Less
The responsibility of any public company's CEO and Board of Directors are to the shareholders. End of story. Regardless of their tireless efforts and personal sacrifice, the shareholders were in the dark for years. No updates, no shareholder meetings, no ball moving forward. 2 years ago I heard Montano say it would only take a couple of weeks. "A couple of weeks" has long since past. Shareholder's need someone they can trust. I'm willing to to roll the dice on bringing in the new team. Perhaps it will increase my $0 per share value.