There is no accountability at CLDX. A rogue, criminal CEO who probably lied to his shareholders and possibly withheld information that Wall Street obviously knew about and a Board who completely dismisses their fiduciary responsibility to shareholders not named Marucci. How any associated with governance is still around is shocking.
j20- you have done nothing but message support and I admire the behavior. Unfortunately, this company is being destroyed and just because you don't want to hear it, doesn't mean there isn't a problem. Unless YOU are Marucci, you should be unhappy with the performance of the stock price and all the horrendous missteps Marucci has presided over. If you are too emotional or clueless to care, so be it and good luck. But I promise you that I will not be leaving this Board anytime soon. We need Marucci out and or the Company sold to recoup losses. I no longer have any confidence that we will be receiving FDA approval with him as the CEO.
While waiting for teams of scientists and doctors to save cancer patients, how many of our lives are you going financially? There have been some bad people out there, but you are at the top of the list. This latest "disclosure" of delay is criminal and the damages are mounting each day.
There is so much wrong here, it is hard to accept. Shareholders must press for action. Leaders are not permitted to cause this much pain and loss of value and keep their positions. Marucci and Members of the Board must resign or be fired. Shareholders cannot be the only ones who suffer. Marucci still gets paid handsomely and Board collects fees. We on the other hand get f###'d.
How do you come to work anymore? The only saving grace will be to see you squirm in court. There is no worse piece of garbage than you in the CEO ranks. Your behavior is criminal in actions and non actions. We all hope you are never able to destroy another company.
Don't know how long you have been investing, but when negative information is revealed (as happened during earnings call) and you look back at trading and see that there was constant selling and downward pressure leading up to the call. Sustained selling. And then you see that Marucci has not bought any shares until the collapse, there is enough smoke to suggest that we the retail investor were not privy to information others had. I like my chances with a lawsuit.
J20. At this point you are the idiot. Where have you ever seen a stock down day after day for weeks? Down 50% in two months? Down 60%+ for the last two years? Down 40% from not one but two secondaries in the last two years? All because one man has lied,misled and has made one misstep after another. We are getting destroyed and when many of us have pointed out the FACTS, you call all of us idiots. There is little doubt that the Company, Board and Marucci personally will be sued.
Not only is it possible, I am In discussions with attorneys as we speak. And I could care less whether you think I'm an idiot. Marucci needs to be held accountable along with the Board. This is beyond bad behavior and borders on criminal.
Is the idiot in charge capable of doing anything right? Does the Board have direction? We are getting killed every day. It's been weeks since an up day. How far down before these criminals act?
I give them credit for reading this message Board and buying some shares, but it's a joke. Too little and way too late. One more reason Wall Street sees him as a complete buffoon. His credibility is completely shot, but if he wants to impress us, he should buy $1M in shares, not $100k. His bankers will loan him the money.
Why is Marucci still CEO? We are getting destroyed here because he is incompetent and Wall Street has no faith. Worse, they have figured out he played all his bullets and has nothing left to defend the share price. Especially in light of his narcissistic "go it alone" strategy.
Shame on this Board of Directors.
If you aren't going to fire him like any high performing Company would have done, at least take away his options grant. You could give them back when he buys stock himself and we start to see a higher stock price.
Doesn't the Board and their criminal CEO owe us value creation? What Company allows this sort of destruction without holding someone accountable?
If this keeps going, we are at -0- by year end. I would love to know what the Board thinks its doing. What a disaster. The CEO is criminal and the Board aiding and abetting.
How much pain will you inflict on your shareholders? By keeping Marucci at the helm, you are dealing our death sentence. It is now clear that you, Marucci, insiders and institutions knew about the delay. They steadily walked the stock price down since ASCO. This will be discoverable when the lawsuits hit. When will you act?
J20, first things first. I own a considerable number of shares that includes buying two secondaries ago at $24.50. This is as upsetting to me as it is to you to see the value destruction. I do believe we have the worst CEO in Biotech. Anyone else would not be in this position. You can bash those who point out the truth as your defense mechanism, but did you not notice that the pps of CLDX was walked down daily over the last two months? The street had an idea or inside info. On the other hand, you blindly keep the faith. Kudos to you, but the facts are we longs have been screwed badly. This is one guys fault. It always rests with the leader.
What on earth is the Board thinking? Do they understand their responsibility to shareholders? This criminal behavior. Some one needs to pay for the lies and the mismanagement.
The pipeline and potential to help patients is there. As I have been pounding for some time, this cannot come to fruition when the CEO is this bad and has no credibility. You don't actively hurt shareholders the way he does. What he has done to secondary offering investors is absolutely criminal. He must be held accountable. If these institutions are still holding, they must get the Board to act.