Been following this for a year. Khesin looks crazy and is spinning out of control. Previously a one man show,he signed off on all numbers and out sourced CFO job. He hand picked the board and management. Once they started looking back at the filings the obvious red flags came to their attention. He is the company and all revenue numbers now in question. Always low on cash and passing out shares to his friends and family like candy. Radiancy deal a joke also,as PHMD nearly bankrupt. This is done.
Looks to make changes to board and management structure. Story keeps getting more absurd. Lining up a big buyout to agree to go away?....Maybe
On March 29, 2016, and in connection with an investigation conducted by the Israeli Securities Authority ("ISA") regarding certain shareholders' alleged use of internal information, Dr. Ron Babecoff, CEO, director and President of Biondvax Pharmaceuticals Ltd. ("BiondVax" or the "Company") (NASDAQ: BVXV, TASE: BVXV), was investigated by the ISA under warning. After fully cooperating with the ISA investigators, Dr. Babecoff was released subject to certain restrictions, including an obligation to make a cash deposit as collateral. Dr. Babecoff continues to fulfill all his duties to the Company. It is hereby clarified that BiondVax is not a party to the investigation and continues its business operations as usual.
That is my question. These guys gutted the share price and now control the entire company. This was like NEWL all over again. Magna was the culprit there and strangely enough Josh Sason was an earlier investor here. No way did he have the nerve to pull off the same criminal action twice
Sentiment: Strong Sell