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Pro-Dex Inc. Message Board

reversesplit 13 posts  |  Last Activity: Jul 6, 2016 5:43 PM Member since: Apr 19, 2001
  • Reply to

    Andy Jacobson

    by reversesplit Jun 29, 2016 2:57 PM
    reversesplit reversesplit Jul 6, 2016 5:43 PM Flag

    An added note: Michael Davis became a board member in 2003, Gregg Robertson in 2004. I now doubt that it was Robertson calling the shots regarding the firing of Andy Jacobson in 2010 given the recent exposure of Davis as the villain in the Meridian litigation.

  • Reply to

    Andy Jacobson

    by reversesplit Jun 29, 2016 2:57 PM
    reversesplit reversesplit Jul 6, 2016 10:25 AM Flag

    At the time Jacobson was terminated (just days before he was due a bonus and vesting of another 20% of his stock options), the company was performing incredibly well. The Board chairman at that time, Gregg Robertson (who was previously the CFO of Dillingham Corporation - a construction company mired in litigation over construction projects in California) refused to answer my requests for information about the firing. His buddy David Rosenthal was then appointed interim CEO. Neither Robertson nor Rosenthal owned more than nominal amounts of Cyanotech stock, so I was quite concerned about their activity. I then exposed Robertson's connection with Dillingham on this message board (the posts appear to have been removed by Yahoo at some point), and he resigned shortly thereafter.

  • reversesplit by reversesplit Jun 29, 2016 2:57 PM Flag

    I think it's sad that someone so passionate and qualified in his work is unable to boast of his accomplishment of turning Cyanotech around, out of near bankruptcy and into a rosy future.

  • Reply to

    Meridian VS CYAN, M.Davis and RSF Lawsuit

    by algae_monkey Jun 28, 2016 4:31 PM
    reversesplit reversesplit Jun 29, 2016 2:38 PM Flag

    I don't see how a delay in the case would be good news. I only see higher attorneys' fees and a further setback for the correction of the damages caused by Davis' actions.

  • reversesplit by reversesplit Jun 23, 2016 11:01 AM Flag

    I sure would like an explanation on why inventories continue to skyrocket (up another $500,000 since the end of the prior quarter). Management continues to blame declining sales on weak production because of the weather, so why aren't inventories declining?

  • Reply to

    fhco continues to pump their proposed merger

    by lsqd1cav Jun 7, 2016 1:34 PM
    reversesplit reversesplit Jun 14, 2016 10:22 AM Flag

    An appropriate excerpt from a Yahoo article about failed corporate mergers:

    Two: And speaking of desperate, Wall Street bankers are emanating more than a trace of that too. Business is dismal across the board on Wall Street, which means that fee hungry M&A bankers—feeling ever more pressure from their bosses—are proposing all manner of hair-brained deals to corporate executives. These bankers, aka salesmen, can be a persuasive lot, and unfortunately they sometimes manage to convince CEOs to try to do a deal they shouldn’t.

  • Reply to

    News from the Cyanotech Board!

    by p.faas Jun 8, 2016 8:43 AM
    reversesplit reversesplit Jun 9, 2016 5:06 PM Flag

    The SEC needs to get involved in this. If they make the decision on guilt that would save the company from paying a lot of attorneys' fees for the BOD to get the answers it wants to hear.

  • reversesplit by reversesplit Jun 9, 2016 5:00 PM Flag

    Nice to see this finally on the right track. Been suffering with this for a long time. A couple more good quarters, and I think this could double from here.

  • Reply to

    Pacific Business News (PBN)

    by prince_ashargin May 27, 2016 5:20 PM
    reversesplit reversesplit May 27, 2016 6:19 PM Flag

    I couldn't read the article without subscribing, but the headline erroneously indicated that Cyanotech was embroiled in litigation. I don't think Davis can look to the company for defense of his actions in this regard.

  • Reply to

    Meridian Lawsuit Filed, and Full Letter

    by prince_ashargin May 25, 2016 3:48 PM
    reversesplit reversesplit May 26, 2016 6:26 PM Flag

    The only CEO that performed for this company was Andrew Jacobson. He oversaw a return to profitability and a near quadrupling of the stock price. I don't know whether Bailey's hands were tied by Davis and his BOD, but I saw no meaningful positive contribution under his leadership.

  • reversesplit by reversesplit May 23, 2016 2:02 PM Flag

    Wow! The implication that Davis indirectly controls the shares owned by RSF! It's so easy to file a complaint with SEC, and Meridian has already done the work.

    There must be more here than meets the eye. Why would Davis want to exercise this much control over the company? Could he be getting some other undisclosed benefit? He's certainly not making a decent return on the stock investment.

  • reversesplit by reversesplit May 13, 2016 1:04 PM Flag

    Not bad. Income on an operating basis of a little under 7 cents/share. Not as good as last quarter's 9 cents. Big drag from fine line, but clean this up and add a couple more customer wins, and we could see double digits.

  • Reply to

    Message for Mr. Klenk

    by reversesplit Mar 23, 2016 10:51 AM
    reversesplit reversesplit May 10, 2016 1:10 PM Flag

    It's a matter of integrity. If this is the light that Mr. Klenk wants to be shone in, then the shareholders he works for will suffer along with his future & legacy as well.

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