Marucci has effectively stolen the money of shareholders. CLDX is now in a death spiral. We are down 80%+, we were misled, we have losses at every level- especially those who purchased at the time of his secondaries. He continues to take seven figure compensation and we fund him. There must be a shareholder lawsuit to recover our losses.
Having called this collapse and potential criminal behavior every step of the way, doesn't it concern you that the CEO is still in his position after presiding over a 80% decline in the stock price. He is still there and is still being paid multiple seven figures. It's our money.
Is the corrupt, value destroyer still in charge? How can the Board remain silent and complicit in the fraud that is CLDX?
He knew the FDA was going to deliver bad news. The Street knew it as it crushed the stock daily over months. Every knew and Marucci withheld the information as he did last summer. How are there no investigations, lawsuits and arrests? The damage this man has inflicted is catastrophic. He should at least give back his $3M compensation.
The drug failed. Period. Marucci has committed fraud. The lawsuits will prove it out. The damages are so immense from his criminal behaviour that all capital will be paying for legal fees. There are no pipeline therapies. The one that was touted just failed miserably.
Supporters were supporting a criminal. Marucci is as bad a human being as it gets. He lied and he and the Board will be held accountable. Despite the money I have now lost, I hope jerks like j20 understand some of us are a little more experienced and not just trying to spew nonsense on this Board. We have been misled and it has felt like this for some time. Wall Street knew and we didn't.
Mgmt knows exactly what is going on. So does Wall St. and Big Pharma. They have the results. Only the retail investor is being hung out to dry. By withholding information, we have been destroyed as the stock has dropped from $37 to $6. All the while, Marucci peddled stock at $24 and pays himself $3M+ a year. We can't do much yet, but almost hoping for the final bad news to come quickly so that we can sue this criminal for all he is worth.