Any and every CEO has a fiduciary responsibility to all shareholders- short term or not. That is what comes with a public Company. There will be shareholder lawsuits galore if there isn't an FDA approval. They will be S/T & L/T shareholders. And BTW- Marucci was never smart on the way up and looks even dumber as he misfires over and over again. He should not have "gone it alone." He should not have fired every communication he had at ASCO and come away with nothing. He should buy shares in the open market. He is a complete narcissist who is playing russian roulette with our S/T & L/T equity.
Whether we message or not, it is not lost on CLDX investors that we have broken the secondary offering price of $24 and it is heading south on heavy volume. This is why Marucci is so disturbing as a CEO and is basically a criminal. There appears to be something very wrong, yet every one but the retail investor knows.
Shameful, shameful leadership and Board governance.
Same as this week, last week, last month, last year? Underperformance, dead money, terrible leadership. When can we expect to extract our investment dollars from this death trap of a Company? I have no issues stating that I have a higher basis than most, but we all deserve to sell at a higher price. Especially when you see the other that can take you there. Unfortunately, Marucci continues to pad his wallet, instead of delivering for shareholders.
They hedge, they short and they trade with impunity. This stock is dead in the water. We don't have a management team, nor a Board Wall Street cares about. Shorts mess with this Company everyday and Marucci is a narcissist who doesn't understand how over matched he is. The risk profile of this Company is very high right now as a sale or FDA approval are they only catalysts left. The Street just doesn't care about his updates. He sounds like a moron when presents anyway. Instead we just wait and watch our capital erode. This is a terrible situation.
Next stop is under $20. Please tell me why Marucci is still at the helm.
Thank you for expressing what most of us feel. It's amazing how badly management handled ASCO and the lack of communication since. MGMT hasn't aligned by buying shares. They pay themselves and have done nothing for shareholders. Idiots on this Board blindly support and bash and miss that CLDX could be great, but trades like #$%$.
Unfortunately, we shareholders of CLDX will use the two days to lick our wounds. At this point, holding CLDX is the market equivalent of domestic abuse.
What can any one do but sit and wait for a) FDA approval b) a sale c) an activist d) a miracle or e) the Board actually taking action- which of course would also fall under (d).
Non-hyping? Do you mean the result of marketing informing Marucci that he is one of the worst speaking CEO's on Wall St. It's an embarrassment had bad this guy his. Every time he speaks he loses people. He is not well respected at all. Now here is the rub. This is a $50+ stock whether he sells or gets FDA approval. It's not a $200 stock. This CEO narcissist wants to seek approval for his own career. We are getting $50+ no matter what. So why won't he sell right now? Because it's all about him. He is destroying our value from a time perspective. And God forbid we receive a no go from the FDA. I will absolutely lead the class action suit against him and his crony Board.
CLDX would be $50+ under any other CEO. How long will it take for an activist to take action?
Holding aside the political conversations, a far less tragic, but frustrating story is CLDX. We throw a party when the stock climbs from $24 to $26, but we are still a third below our highs and at least half the real value of the company. Idiot shorts bash, but idiot longs talk themselves into feeling ok about underperformance. Marucci's job is to return shareholder value. He is absolutely underperforming on all fronts. Sell on Monday and we see $50+. It is what we deserve. We are here for your comp and stock grants.
As stated, this is a $50+ stock. Incompetent, reckless management holding us back. Will the Board and Marucci do the "right thing"? Our gains are not holding. Will they pull the trigger and start thinking about all shareholders. And to those who say otherwise, a public company's Board has one and only one responsibility- maximize shareholder value.
The Board of Directors represents all shareholders, not just Marucci. The acts of omission here are horrific and damaging. His "go it alone strategy" doesn't work and has given shorts an opportunity to take over. This stock should be twice the price right now if they actually considered shareholder returns as their number one responsibility. Shame on this Board of Directors.
Most Biotech's are surging. Many have reached 52 week highs. Many have recovered from the Biotech attack. You on the other hand, have doomed CLDX to under performance. You arrogant piece of garbage have misplayed every angle, every tactic and we watch recoveries that don't include CLDX. What is the plan? How can you lead this company when Wall St. has deemed you "inferior." You have no gravitas, no momentum and it appears that your only plan is "your way or the highway."
The presentation at Cantor sucked- as usual. The stock went down because of the market and hype leading to another ridiculous attempt to promote. They are terrible at it. At least the worst of them- Marucci, didn't speak. They have recklessly positioned this Company in limbo until "an event." They need to sell or we will be sitting and waiting into 2016. We have a valuable Company that has been mismanaged.
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.