After following this message board for over a
year, I am curious as to why the board tends to be
universally bullish on senior management. After reviewing the
SEC filing 42484, 3-17-00, pages 42-43 ( It gives the
straight bio's - minus the hype) I have the following
observations (To access this on Yahoo, on NGEN Quote page hit
profile, on profile page hit raw SEC filings)
Brindorf: Phenomenal track record. Hope he can keep it
2. Leonhardt: Seems to be perfectly suited for the
job and the needs of the company. Good lawyer, strong
patent background, excellent technical background.
Gillahue: I am somewhat baffled on why he was appt. Pres. -
experience does not seem to add up to mid-cap pres.
material. Abysmal drop in stock under his watch does not
get my vote of confidence. Atomsmith's 10033 post on
price/book ratio diminishes my confidence even more.
Heller: Brillant. Without him there would be no NGEN.
This guy must be in the Guiness Book of World Records
for producing the most exciting patents in the last
5. Bromley: Based on Retridox 10020 post and others
it sound like his is doing a great job in launching
the product. Seems to have very solid and versatile
sales and mkting exp. (17 yr HP big co.,2 year
Molecular Dyn. mid-cap co) I like technical chemical
background and international exp.
6. Moore: Looks okay.
Stanford grad (I am biased) How strong is Hitach link
after just 2-3 years? He left in '97. Unusual gaps in
bio 1999,90-93,84-86 - but looks like he has some
good operating and manufacturing
What exactly happened to Nova, Kitchen & O'Connell? 3
Sr. departures in 9 months.
Does anyone on the
board "really" know any of these guys to give a better
insight. All my opinions are based on the msg board and
Tina Nova and J O'Connell started a DNA ID
company. I am hoping they are strategically going to use
the Nanochip MBW as a backbone to their venture. This
would accelerate our acceptance in this area, which
will ultimately require that it be proven useful in
court before universal acceptance takes place.
think of them as peices of wood in the boiler of the
little blue engine that will. They are no longer in our
wood pile but they may still be contributing to our
head of steam.
Participating in a Personal identification company- DNA ID for
can't find link from January. Seems
like she sold some NGEN shares just before begining
this company. She may have needed startup
James O'Connell also with DNA
Kitchen went to
Byers = early money and forsight, current connections
Heller no refs needed. Brilliant work. please don't
More available on request but the facts seem fairly
presented in your assessment. Essentially an evolving team
of Scientists, Businesspersons, Genius, and talent
came together and has delivered exactly what they said
they would do up to this point. The big turn over this
year seems logically related to Nanogens progression
from early development to product sales.
you no doubt already have access to the Nanocard
holders priveledged area of information- the retridox
Gillahue is young, bright and very approachable.
I'm sure that the young NGEN staff have a good
rapport with him. His promotion indicates that good
advancment opportunities exist at the company. Its important
to keep your staff happy in this hot biotech area. I
think this was a good move by Brindorf.
Atomsmith, thanks for your thoughts regarding
Gillahue. However, young "Turks" like me, 32, Stanford
grad, vote with options. We don't give a rat's _ _ _ on
how bright, young or approachable our Pres./CFO is.
Show us the money. If our options are
out-of-the-money, in a big way, we're gone. Trust me, staff is not
happy when the stock dives 87 percent in seven months.
(If I am not mistaken, this is one of the most
significant drops in the biotech sector.)
I would take
experience and results any day over the "youth" card. This
is not a P.R. card that should be played at such a
senior level. Too much is at stake, especially in this
market, and when NGEN is aimlessly floating in the $13
Experience is going to make or
break this compnay at this point. Let's hope the "old"
Wisemen Birndorf, Leonhardt, Heller and Bromley stay to
see it through.
Retridox - Thank you for your
informative post. I missed CFO Burgess. Very impressive young
"Turk" who left after a year. Do you know why?
and up in a few, praise God, but none of the
downers has disappointed me more than NGEN. I have said
it before here . . . they have done everything
right. Either there is a fundamental technical
limitation to the technology that this very intelligent
board has not uncovered (but it's known among the
biologically elite . . .) or MOT is nailing our kahones to the
wall for fun and PROFIT.