JJ: I have been advised by my doctors to "avoid stress".
Therefore, it would be extremely helpful if you would issue a statement clarifying the status of "OUR" company as it relates to the joint venture with Green-Tree, and offering assurance that this current melt-down of share price is just an aberration - - that our future still looks sound.
Thank you (from the bottom of my heart).
It will be if G-Tree runs the show, buys JJ a seat in the bleachers and enuf peanuts to keep him busy watching how a 1st string management operates.
Send McNay and Bove to negotiate a merger with GreenTree, keeping GT as the surviving entity and getting it listed on the OTC or NYSE. Keep JJ away from the negotiations and buy out his employment contract.
Shareholders (GT and SigmaTau and us) should see an immediate increase in share price.
All in favor, say "AYE" - - - and mail your request to company HQ (address can be found on Company website)
Taking that guy "at his word" is something akin to playing Russian Roulette - - how many years / times will you survive? Also, trusting the BOD to provide us with "proven" leadership is a bit of a stretch - - - can you imagine hiring a PR firm that puts us into a "pay for an hour on the mike" event as a way to get our message out? Where are the articles they pushed to brokerage houses and investment firms - - did they write and submit any?
(Also, would be nice to know that they are NOT in any way related to an RGRX officer ? )
Best use of RGRX cash would be to pay for JJ's "buy-out penalty" - - that alone would spike the share price.
But I would take G Tree shares any day over RGRX - - -
Donk has changed from a basher to a pumper - - probably a new order from his MM boss.
Save your time - - put him on IGNORE.
Shareholders of both the common and preferred deserve to hear from management ASAP, explaining their plan to "right the ship, stay afloat, and continue sailing". After all, we are paying their salaries and perks.
We deserve to be told the current situation, and how they intend to escape from it.
Today's WSJ has an excellent article on "growing body parts". (see page R2)
Hope our PR team can piggy-back on the info therein, thereby earnings its keep, and moving sp into a higher realm.
JFYI, the Geez is not set to "jump in and drive share price down" - - - he holds more share that many of you, including Dumont, who is listed among the "major holders".
I have been buying on the dips, continuing to add for the long haul - - - and it truly has been a "long haul".
My point in illuminating some of the many management "stumbles" ( Yahoo has erased more than a few postings when "Jay-Jay" was mentioned) was to coax our BOD to guide and strengthen corporate strategy and leadership.
I believe this has been done with the part-timer and PR group recently added. Our CEO will continue to make his travelling presentations, but as others have pointed out, no one in the industry takes him very seriously. He lacks credibility. Let's hope Lee's and the Koreans will lead us to victory.
It will not be a bright situation if Lee's trial does go forward, but then presents no positive outcome. Candle lighting time again.
Bull, perhaps all this board "turmoil" is just a case of simple nervous exhaustion by the many long-timers who have been hanging by their fingernails on the cliff edge - - too frightened to move one hand to their pocket and unload those heavy RGRX shares that are under gravitational stress.
Will Batman, Superman, or JJ fly to the rescue and lift them to safety?
Stay tuned next week's installment. Meanwhile, remember to eat your Wheaties!
rgrx would only agree to a fair deminishment - - - well, as I read the documents, RGRX holds only 1 Board seat out of 3. Yes, certain items will require a unanimous vote (sell-out, merger, etc), but nothing certain about a unanimous vote needed on these other topics. That is why complete disclosure is so necessary.