That agreement seemed a little generous at the time but now seems truly laughable. It is a great example Ma's incompetence and gullibility.
Performance based shares were to 18.5 million shares!!. The total non refundable shares were 3 million; Rios got 2.4 million and Leiberman got 600,000 shares.
So, here we see again, the self serving influence of Leiberman; a true pig, feeding at the trough of OUR company. And, I say that not hiding behind the anonymity of the web, as I have talked with him at the shareholder meeting and he knows who I am. And I will see him again at the next meeting.
It may be that the real villain here is Leiberman. He may be the one dictating the failed "growth" strategy away from EECP. If so, Ma needs to make it clear to everyone, that he is the CEO and stop letting Leiberman The Lawyer ruin this company. But, as of now, until we find out otherwise, we only really have Ma to blame since he is the one with the CEO title.
Any large % holder(and there is just one) would have to file an SEC doc showing sales. And there has been none.
And, a majority of the last buyback was used to purchase stock from x employee; Dempsey. This is a fact and was even admitted to at the last shareholder meeting.
So, I don't see your theory holding up. Selling from disgruntled longs and the Chinese( they were paid in stock on that BS acquisition valued at much higher prices at the time) and shorting noted a while back, makes more sense. Also Rios. He got 3 million shares on the brilliant move by Ma some years ago; not sure if he would have to file.
Stock getting real cheap but no motive to buy till company fulfills their DD obligation and makes a statement on rapid price decline.
The stock is off about 30% in a week on twice the normal volume. That's the headline numb nuts, and that deserves a statement from management.
If they are changing guidance...make a statement
If they are not able to extend GE.....make a statement
If new accounting firm leaving...........make a statement
If business as usual.................make a statement
That is how public companies of all sizes function. To do otherwise is to invite lawsuits. Got it???? Fitz
Is that too hard for you and management to understand?
" I don't believe this trading has anything to do with the Company"
Are you kidding me! That is the exact attitude that has allowed this company to continually miss goals and objectives. Shareholders should be outraged by this team's poor performance since the GEHC agreement years ago. How many do overs do you want to give them. The share price is a proxy on their performance; none better.
A fresh MBA just out of school could have devised a better business plan to take advantage of the cash from GE. Instead this group votes themselves big salaries and bonuses and constantly reorgs. What a waste.
All this is fact. Do you have any to back up your "whistling by the graveyard" attitude??
On above average volume selloff. Is there news pending? Press release to say there is news or to say its business as usual and they no of no reason for selloff. This is standard stuff and demanded as full disclosure by the SEC. Since they has not responded to my many e mails, I have contact the SEC.
Our Ma is a disgrace. Jack Ma says the most important thing for him in running BABA is trust, something our Ma does not inspire.
Why do you post such nonsense?
The losses that managements incompetence has caused shareholders is no joke. They face legal jeopardy if their disregard of fiduciary responsibilities continues.
As predicted by shareholders, the lack of support and buyback, and countless failed opportunities has caused many long termers to finally jump ship. This, IMHO, is exactly what Ma and the Board want. They have no need for the present shareholders, who they consider as unjustifiably overly critical. Their plan has been to let stock drift lower, causing increased pain to shareholders so they finally acquiesce and move on. Ma sees time(like most Chinese) in decades, not years, so "short term" selloff is meaningless to him. He still gets fat salary and stock bonuses.
Ma is a pox on shareholder value. And his salary and bonus are criminal.
The fact that vaso's management is now so dead set against any buyback at any price, tells you the last one was done for the benefit of X employee Dempsey. At the shareholder meeting, they strongly argued why a "growth" company like vaso would NOT do one. The question then arises as to why they would do first one. And it was to benefit and silence an old insider.
Is stock buyback the best use of company funds at 22 cents.............16 cents......................10 cents.............?
Or no price, as funds are now dedicated solely to enriching Ma, Castle, Leiberman and the rest of the board and management.
Vaso and MA consider the general shareholders as an annoyance who have no ability to fight their corruption. And this is true, as long as the one large majority shareholder is in their pocket. What majority shareholder would willingly put up with this obvious incompetence; only one with dementia.
On a related note on this 352 topic, the NYT science section today has a big article on stem cells. They note that most of the research for therapies using them has been a disappointment. But, the one area of success has been injecting them into a damaged heart after heart attack.
The MOA here is not that different than the one for 352.
All trials and results in 2015. Nothing new. But, on the last page titled Value Drivers, the final sentence has some interesting wording:
RGN-353 injectable solution is Phase 2 - ready and IS the subject of strategic licensing discussions.
Wow, that really makes me feel better. Is Charles Kuralt on the job too. ?
Ma continues to DESTROY shareholder value. If Castle gives him another big stock bonus this year they both should go to jail..........
Come on howard? That kinda funny to think that some are selling this penny stock to buy a 70+ dollar new issue. Shareholders just fed up with Ma, Leiberman, Castle.........................
That is for sure. Nothing that has been done here the last couple years since GEHC has benefited shareholders. Ma seems to feel a sense of entitlement here, all at shareholders expense.
Vaso down large % on large volume demands a comment from management. If they are withholding negative news, the lawsuits will surely begin.
What say you, Ma????
As usual that knucklehead Pete Najarian reports obvious trade late. No use to real investors.
Does anyone pay that guy for his late, self serving reports ??????
October call volume rig up scam"
You truly are an idiot. Call volume by those "in the know" flashed a buy signal for those smart enough to see the smart money flow. Signal was given at 22 and despite much lower oil and the increased prospects of higher interests rate, stock price remains higher.
Stock is a great place to hide in this uncertain market. Find me one company connected with oil that has done better in the last couple weeks. There are none.