Hey, BusyBoy! Geeeeee, I sure wish I was as smart as you and knew all the situations and all, ha! Then I could at least know how dumb I am to be under water as much as ya'll are, ha! kg
Hey busboy! Let's have a pis-ing contest, ha! You got (had before you sold it) $116K shrs, wooo, woooo, ha! I got $92,800K and then another $6K I've never mentioned sitting separately in my IRA. Yeah, that's right, I'm almost as BIG A LOSER AS YOU BUSBOY, HA!
KG2931(Long n Strong 20K Shrs (SVNT(BTGC) @ $4.64 Avg CB held since 2/11/1997) (I'm Busboy's Grandad)
Well busboy, "Larry F" doesn't give a darn about you losing a "substantial amount of money" and yes most shareholders here would agree with you, "the worst launch of a valuable drug in history". SO WHAT ARE YOU GONNA DO ABOUT IT BUSBOY!!! You need to quit your WHINING and LYING about your "cost basis is much higher than anyone on this board"! What a jerk!
Hey busboy! Just who is the "we" in your msg, "we write off K inventory every quarter ....."? What job do you hold at Savient? How much they been paying you? Bet you get confused keeping track of your self on this message board, ha!
How much has Savient and/or the gig houses been paying you over the years to post your propaganda?
You sir are a menace on this msg bd! Since nothing you've said about me above is even remotely accurate I won't dignify you with a rebuttal, or put you on Ignore but I will be here forever to expose your trash talk. You're not worth it.
I will end with you on this:
mbusser56, if you are so happy to have lost money on SVNT and think SVNT Mgmt has done nothing wrong and cannot support SVNT Shareholders going after SVNT Mgmt, THEN WHY ARE YOU STILL HERE ON THIS MESSAGE BOARD?!?!?
KG2931(Long n Strong SVNT(BTGC) 20K Shrs @ $4.64 Shr Avg CB ($92,800) since 2/11/1997
david, now after scratching a scar in my forehead trying to decipher your last three posts, I take it you think, even though I've posted numerous times to the contrary, that I think Class Actions are to return shareholders losses/compensation for exective's misdeeds. When what I have been saying all along is most SVNT long term shareholders have already lost near everything and should be inclined to support a Shareholder Class Action to publically reveal, expose, and legally punish the responsible SVNT Execs. Has nothing to do with getting our money back. Like you say, "I CAMT BELOEVE YOUR NOT GETTING IT" !!!! kg
Well then my ole rodgers buddy, I hate to say it, but I think I've learned over a very long time that possibly Obama is correct and the casino needs to regulated better. I say get rid of Wall Street altogether, put our money in our pillows, bank savings, cds, bonds, real estate, etc. Wall Street's broke and can't be fixed. kg
lempe, thx for the article. Good to remember this. Do us a favor, when you post articles, please cite the date of the article and reference info. kg
david, what are you doing?!?!? I can't understand what you're saying. What does this mean, "mention class action and us sheared sheep...NOW I WILL SHOW YOU THE ..KING KONG,LOOK UP "???? And what is your point on the article you've posted? kg
mbuss, That's why I brought up the WSJ D&O Ins article, to point out just what you're saying. So, I'm not sure why you feel it necessary to point this out, as though, I or other's haven't already figured this out for ourselves.
But what's really shameful on your part is your sick need to shoot down my other legitimate efforts to gain support to go after Savient - which I might add had nothing to do with this post today. Was just sharing something I'd learned. What a jerk! Go sell your sanctimonious self someplace else! kg
It's not that. Savient's letter is only a Dear Sir, two sentences in length and a one line salutation! Go figure!
Two Interesting articles in today's Tues 5/21/13 Wall Street Journal as they help us to understand Savient's directors and executive Mgmt. In short, 1) today's institutional (large mutual fund shareholders) are becoming more n more active making sure their Co stock Directors performance matches their pay and 2) D&O Litigation Protection Insurance for today's Corporate Executives. (see references to articles below)
If we, as mere retail SVNT shareholders wish to have our complaints and wishes heard and/or apply pressure on the current Savient Mgmt, we have to somehow get help from the bigger institutional mutual fund & brokerage house shareholders. Anyone having experience/knowing the best way to go about doing this and very quickly - please let us know.
What I learned from the D&O Insurance article is that all Savient Directors and Execs have this insurance to protect them against lawsuits of all kinds, including from within their own Co and from the SEC, let alone the public shareholders. Also, because they all have the insurance, they are used to and routinely count on lawsuits. According to the article this is especially true after mergers "where a Co acquires another, for instance, a lawsuit against directors and officers is virtually guaranteed post deal".
1) "Funds Get Active Over Director Pay", front pg 1, Money & Investing
2) "Protecting the Corporate Executive", pg B9, Risk Management
If I could afford another 20000 at .57 ($11,400) right now I'd do it. That'd bring my Avg CB down to $2.32 Shr.... (and to think I've paid $92,800 for my existing 20K shrs!!!!!!) kg
imat, I'm not sure what your point is? It's a known fact in current Sec doc's that the 'poison pill' is expiring this August 2013. Are you saying SVNT Mgmt are inclined to renew it and maintain it and if so, what process might they be following to do so? It's not on the upcoming June 13th Annual Shareholders Proxy Meeting.... kg
Hi j_butler, I'm still all in. Yes would have been nice to have had a crystal ball and sold two years ago. But after holding SVNT(BTGC) for 13 frigin years - who's in a rush?!?!?!
kg2931 (Long n Strong 20K Shrs SVNT(BTGC) Long @ $4.64 Avg CB ($92,800) since 2/11/1997)
I must confess my naivety. Up till SVNT's latest snafu and now ignoring my formal requests as a shareholder, I thought I'd seen it all or enough unfairness & malicious wall street corporate behavior - but SVNT takes it all! I guess you're right - apparently Savient doesn't have to answer anything to retail shareholders!
Do you or anyone here have any ideas on how we might contact institutional shareholders to be a voice at the shareholder meeting?