He knew the FDA was going to deliver bad news. The Street knew it as it crushed the stock daily over months. Every knew and Marucci withheld the information as he did last summer. How are there no investigations, lawsuits and arrests? The damage this man has inflicted is catastrophic. He should at least give back his $3M compensation.
The drug failed. Period. Marucci has committed fraud. The lawsuits will prove it out. The damages are so immense from his criminal behaviour that all capital will be paying for legal fees. There are no pipeline therapies. The one that was touted just failed miserably.
Supporters were supporting a criminal. Marucci is as bad a human being as it gets. He lied and he and the Board will be held accountable. Despite the money I have now lost, I hope jerks like j20 understand some of us are a little more experienced and not just trying to spew nonsense on this Board. We have been misled and it has felt like this for some time. Wall Street knew and we didn't.
Mgmt knows exactly what is going on. So does Wall St. and Big Pharma. They have the results. Only the retail investor is being hung out to dry. By withholding information, we have been destroyed as the stock has dropped from $37 to $6. All the while, Marucci peddled stock at $24 and pays himself $3M+ a year. We can't do much yet, but almost hoping for the final bad news to come quickly so that we can sue this criminal for all he is worth.
The honesty of Cruz and ethics of Madoff. When will he come clean and be accountable for destroying our shareholder value? Lawsuits, not approvals await us. CLDX can't hold any gains.
Nice press release. If anyone with the respect of Wall St. issued it- stock would be up significantly. When will people understand Management matters.
The damages continue to build and there is no sign of intelligent life at CLDX. He has the information or the Street wouldn't be destroying this stock. Broken and bloody bodies of longs are dead in the street. Marucci must be held accountable legally and financially.
There must be bad news given the stock action and the Madoff clone Marucci is hiding the truth. Get your attorney's ready. The Secondary holders who bought at $24 will rain the most terror over this pathetic, untrustworthy management team.
Drop, Drip, Drip. When will Marucci confirm what Wall St. already knows- FDA news is bad.
The last few days has done nothing to change the story or repair the damage.
1) CLDX is down from $38 to $7 2) CLDX is down to $7 from not one, but two secondaries priced at $24 & $24.50. 3) Wall Street does not take things down this low without knowing something 4) Marucci is worse than Madoff and comes from the same school of hiding information 5) FDA has leaked the bad news to someone 6) Marucci is about the least competent BIotech CEO you could find. 7) His Board is no better.
We unfortunately have no where to go but down. I have come to grips with my losses and am just waiting for the news to be announced to lead a class action suit.
You will know that when a market takes a Biotech down this fast and this low, the news is already known. The pig Marucci has no press release AND if he believes there is good news coming, he COULDN'T speak today. We unfortunately have the worst of all worlds. The stock has got down every time he presents because, he is a terrible speaker. I believe today is the final chapter in what was billed as a promising story. We've been taken. It's that simple. Let the class actions begin.
We were misled in a Madoff type operation of promoting dreams and then withholding information. Te news will be bad here, there is no other possibility given the stock action. It is known by insiders that the news is bad and this too is being withheld. It is probably too late for longs, but we will bring the pain with shareholder lawsuits. No one will rest until Marucci coughs up every dime he has taken from shareholders.
We have been lied to and information appears to be withheld right now. This collapse is epic, with no news and no promise of anything positive from management. Most likely, Marucci is spending more time with lawyers to protect his assets and deal with impending lawsuits.
Yesterday was barely an up day in a complete down trend of severe down days. Every technical is broken, but fundamentally, there is zero chance of good news coming here. This is what may be most frustrating. The FDA does leak info and gets paid off by Big Pharma. It's shocking when people are shocked about inside information and insider trading. The news is in the hands of everyone but the retail investor. A stock does not go down everyday to multi year lows like this. We are ph*k'd and need to prepare for the mother of all lawsuits against a really bad guy and his complicit Board.
If he doesn't cough up his $3M compensation, he will when we come after his assets. Any other CEO would have communicated to shareholders. The only possible conclusion is- he is sitting on the negative news from the FDA. This guy needs to be accountable. Quit, sell the Company for scrap and return the compensation he stole from us.
Or is it shorts already know what Marucci is withholding? j20tower- you have been a staunch, but naive supporter. We have been taken by this management team and we are paying the price. In my case, it is severe.
Each day they withhold the news that shorts obviously know about (FDA no go), the greater the anger for people to litigate and take this Board of Directors and their despicable leader Marucci down.
Given his background, he is probably hiding his money with "family" to drain his accounts. I hope prosecutors freeze all of his assets for shareholders looking to reclaim losses perpetuated by his CLDX fraud. Marucci isn't the new Madoff. Everyone but the retail investor knows their money is gone.