Might be easier for you to steal our net worth that way. I am a big believer in efficiency.
At least you are not the presenter at the Cantor conference. Maybe wie will only
One 1% that day. When will this Board of Directors act?
I'm glad (sarcasm) that the piece of garbage CEO chose to "go it alone." He is crushing our value. We have a $50+ stock that is the worst managed Biotech in the industry. I don't know how others are keeping their rage in check as they watch this debacle. Now that $24 is broken, we have little to keep it above $20. Nice job destroying us AM.
With no news anywhere and the worst mangement in Biotech, we will drop and test the secondary offering price of $24. It's shocking to me that longs aren't calling for Marucci's termination. And I'm not talking about Dorris. We are 50% below fair value right now. The numbnut leading CLDX has made one bad move after another and has no other moves left. To longs, this will feel like a death by a thousand cuts until the Company is sold.
The dilemma is this- the pipeline appears to be good, if not great. But Wall Street doesn't just value pipelines. There are intangibles. Good Management, rising markets, rising sectors. You need some or all to be working with you. Right now, the Street feels that Biotech is a bubble. The market is going sideways at best and when it comes to management, we have one of the worst. I am dead serious- any Company led by a CEO with any sort of gravitas would have celebrated a 50-100% increase after ASCO. Marucci shot ever cannon he had, and no one cared. Now we sit and watch shorts try and move this below $24-24.50, which would break the secondary pricing. If they do, next stop is under $20. Marucci is ineffective and has no bullets left. He won't sell and won't partner. Therefore, CLDX has been positioned for little to no positive news for the foreseeable future (until approval or a sale?) and there simply no buyers until they have a reason.
Calling on all longs to stand up for your investment. There is a big difference between supporting your investment holding and expecting the maximum returns available. We are being held down by inferior management, and a shockingly bad Board. One vote by the Board (to sell) and this stock is at $50+. Marucci won't do it, because no one would ever hire him again.
Marucci grants shares and pays compensation to himself and Crony Board- We take daily losses. If share price breaks secondary pricing, next stop is the teens. Great Company, great pipeline, destructive management who are clearly over their skis.
No mystery here. Marucci is ineffective and has allowed MM's and shorts to take this all the way down to the secondary. If it breaks $24, we are back in the teens. I'm glad all you Marucci supporters continue to carry his #$%$ He paid himself and the Board again and led us to slaughter. It's not the Company that sucks, it's the criminals running it. Watch and weep as he allows this to break $20.
Approval of inferior management & Board of Directors. Approval of managements compensation. Approval of the incentive stock option plan. Only Biotech CEO I know of that hasn't been asked to buy his own shares. Only CEO who believes so little in alignment, that he will sacrifice his shareholders. If this Company was bigger, the ISS and the like would be recommending voting against them. If the Company had the right investors, activists would force change. We have a great pipeline and an underachieving management team and share price. They should resign immediately or sell the Company for its real value- $50+
Terrible day for CLDX shareholders.
Up only 5% from the last two year's secondary offerings. Other Biotechs have exploded higher. This one has the best data and does nothing but lose its shareholders money. Bet that smug, #$%$ CEO is smiling while we are all getting killed.
Marucci failed at ASCO, failed with his presentations, failed with his strategy and has zero plan to combat the shorts who are setting CLDX on fire. The results presented at ASCO were superior to most and the share price has been hammered almost everyday since. Marucci is a bad guy and his Board is direlect in their responsibility to maximize shareholder value. The daily decline must be met immediately or we will see low $20's again. This is ridiculous.
ASCO back fired, his terrible presentations back fired, his go it alone strategy isn't working. There is no understanding of timing for FDA or any launch. Neither he nor his Board buy shares in the open market. Why is this guy still running this Company?
Arrogant #$%$ will continue to do things "his way." Shareholders have been put in a secondary position to his personal gains. He will willingly accept his share grants (and inflated compensation) along with the rest of his crony Board without buying a single share with us, his stakeholders. Yesterday- more "terrible speak" (he has the charisma of road kill) in the presentation, more go it alone. All possible good news is now out until FDA approval. He has screwed us once again. Real CEO's are far more adept at handling Wall Street. He is just an embarrassment. Please sell the Company so that we may capture the true valuation of this Company.
There is no other result. The shorts are treating this Company like a rag doll and Marucci comes to a gun fight with a limp noodle. When will shareholders and the Board force a change? Or a sale?
The reward is a $50+ share price with an immediate sale!! When is hold a reward? What text book states that receiving you target valuation later is better than sooner? We will all hold because we have to, not want to.
That's part of the issue. Marucci has no incentive to drive shareholder value. He just collects salary and bonuses and grants. Based on the time value of money for my non-IRA or your IRA, we would be much better off with $50 today than $57-60 18- 24 months from now. If this stock was better understood, an activist would have him for lunch and get this thing sold to monetize our upside.
No, Grey. We have a $50+ stock on our hands, but need a sale to make it happen. It will not get there on its own with Marucci in charge. Don't you want a $50 stock price tomorrow?
Marucci will speak tomorrow and it will go down further, because that is what happens when he speaks. Despite what some on this Board say, he is one of the worst CEO's in Biotech and the Board should be thrown out for keeping him in there. Not going to reiterate all that is wrong with a company that has a great pipeline, but gets no respect due to management.