how many times has arena filed a reverse conversion complaint? probably Zilch. How many times this weak management turned the other cheek to sewer rats? I know they did so with CS at least. How many opp's has this nerd of a ceo blown in promoting arena? MANY. tute ownership below 50% for best of breed prod in pandemic
Have you written to the company? If so post a copy of your letter here so it can be included in the newceo site. If you need their contact info let me know.
Nothing tricking about it dumbo - read the disclaimers on each article - nothing misleading -
Anyone who wants to send a letter to ARENA'S BOARD can use the following method way which was sent to me by one of our friends (by the way, if any of you want to join my ARNA related mailing list you can pm me).
EACH BOARD MEMBER OF ARENA PHARMA
6154 NANCY RIDGE DR.
SAN DIEGO, CA 92121
THEY ONLY ACCEPT POST AND NOT EMAIL
(IT MUST BE HARD COPY)
ONE COPY IS ENOUGH - THEY WILL PHOTOCOPY AND DISTRIBUTE TO BOARD MEMBERS
YOU CAN ALSO COPY JACK LIEF SEPARATELY
AND CAN EMAIL HIM ON JLIEF@ARENAPHARM.COM
AND SHORTS DON'T WANT TO SEE JACK GO
WHAT THE HELL !! TIME FOR JACK TO SAY BYE BYE
I never thought i'd ask this but now i do. I sincerely wonder about that nerd.
BS and nonsense bashing. What can Jack do? He should resign and let a new CEO who can do what's needed take over. There are LOTS of things Arena can do to boost shareholder value. New CEO = at least $8 by March for sure, IMO.
have you told him your sentiments? he prob doesnt read this board
he's not incompetent but has weaknesses which have hurt Arena big time, in my opinion. time for a new CEO. but shorts would hate that!
"Jack has reached the "Peter Principle." He guided the company to FDA approval. After that, his performance has been dismal, if not outright disastrous for the employees and investors... If he has any integrity left, he should step down, swallow his ego, and give the employees and investors a glimmer of hope... Tough times demand tough, experienced management and leadership. Arena has been without both for the last 1.5 years."
Jim Stevens' Note "Jack needs to resign as CEO"
"As one of Jack's staunchest defenders, I believe it it time for Jack to resign as CEO. He is failing in his written performance plan of increasing shareholder value by an increase in the share price and should be held accountable....
...There more than likely will be a new CEO in 2015 and that new CEO needs to slash costs by 25%, he needs to put two of the pipeline drugs on hold. Continue with the PAH and Temanogrel...
...We need someone that can create strong enhancement to the current strategy of sit and hope something good happens....
...Regardless of the size of Arena, we do need exceptional performance from it's CEO Jack Lief. We are not getting that type of performance, far from it. I am not for giving him a pass or one more year in the CEO role....
...Happy Holidays and May 2015 bring a much better CEO at Arena..."
Jack is a good leader of a development stage company but has sucked as leader of a commercial stage company -- a complete failure, IMO, based on shareholder value - down 73%
Shorts are loving it, killing a great company with a best-of-breed product, thanks to Mr. Lief's "brilliant leadership"! Exciting times indeed for short sellers!
Jack Lief’s Performance: Arena’s Shareholder Value as of 23 December 2014:
Down 39% this year! (loss of $503 Million)
Down 60% since beginning of last year! (loss of $1.2 Billion)
Down 73% since peak price since approval (June 27, 2012)! (loss of $2.2 Billion)
At the same time Jack has received over $100,000 a month in salary plus bonuses and stock options with a recent cashing in of over a Million Dollars)
At the same time Wall Street has kicked Arena around like a ball.
At the same time many retail investors threw in the towel and some have indicated it was due to lack of trust in management.
During the last 2 years institutions have not increased their net holding to any significant amount and currently hold less than half of the float, which in my opinion based on a conversation with an analyst, is a sign of lack of trust in this management because the product is best-of-breed and the potential market is huge and under served.
Management screwup on the smoking trial ?
"Okay so we, the short answer we are not sure of why we got such a lower placebo rate we did refer but it’s hard to get real detailed information what was done in the other programs we expected at least a part of this we use less intense counseling perhaps even less intense screening of patients for willingness to quit. So there are modifications that we can definitely make in the program"
Dr. S. seems to be saying if Arena/Eisai had done a better job of screening and provided better counseling, this trial would have been a slam dunk.
They came to realize it too late. Why?
"Modifications in the program" means more time and money.
Wat are these guys thinking? There's infinite money (shareholder ATM) and infinite time ?
Imagine if Orex was doing this trial. Their management's eye would be set on:
winning points with the investment community
transforming the toughest situations to their favor
schmoozing the analysts
thinking quickly and on their feet in response to tough questions and not to stall on easiest of questions!
so Orex or any other street-wise management would think, HOW CAN WE MAKE THIS TRIAL SUCCEED NOW if there are factors that matter -- HOW CAN WE MAKE SURE WE DO EVERYTHING RIGHT (vs. screwing up).
And they'd put intense counseling and they'd screen people who want to quit and they get the results with the same product Arena got average results with b/c of poor management -- and street would love them - and stock would go up.
Jack's world seems to be one of reactions after sugar hits the fan -- and everybody getting rich except shareholders!
Jack’s Performance: Arena’s Shareholder Value as of 15 December 2014:
Down 37% this year! (loss of ~$475 Million)
Down 59% since beginning of last year! (loss of ~$1.2 Billion)
Down 73% since peak price since approval (June 27, 2012)! (loss of ~$2.2 Billion)