Until this stock is back to a minimum of $24-24.50- the two secondaries, you posts are idiotic. This is the equivalent of cheering for a day with less murders than the typical day. The stock is at $11. Less than half of the secondaries and almost 25% of its multi-year high. At the same time, the CEO has paid himself over $3M. J20, I do not understand how you blast others and continue to defend the current situation .
I would love him to be right. Unfortunately, he has been wrong post after post. J20- please join us in calling for the Board to sell this Company into the hands of professional management. Unless you are actually Marucci or his ghost writer, you must be in favor of changes that would drive the stock price instead of destroying value.
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.
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.
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.
We need it today. We need it in the next 30 minutes. This POS Moron CEO has to be fired ASAP. It's a disgrace that a Board would let him make one mistake after another. Shareholder lawsuits will be filed. I will be lead on one of them. This guy, his ego and a failed strategy must be eliminated. What is the Board of Directors waiting for?
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.
J20- Are you kidding? Most of us have lost a fortune on this stock. It sits at less than half of its high and more than 30% less than the two secondaries and Marucci the moron is making over $3m a year and you equate that to having to work for free? The good news is AM will have to cough up this exorbitant comp when he is sued.
The sound you hear was a thud. One more Marucci blunder. Our returns will come in 2015 only with a sale of the Company. Let's put CLDX in more capable hands.
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.
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?
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.
The story we were sold was nonsense and the destruction is massive. I hope this guy burns in hell for the fraud he perpetrated on his shareholders. There is karma in the world as well. Marucci isn't a liar and a criminal. There is no doubt that he already knows the news is bad. The Street knows it's bad, but retail investors get screwed.
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.
Thank you to the dipstick in charge. What's our next target Marucci-$24? There is a $50+ price tag with a sale. Obviously, he won't go there. So how about telling what the plan is to create shareholder value? What would it look like? What could these values be? You are hell bent on doing it your way, so how about some details.
As DNDN showed, FDA approval doesn't guarantee shareholder value.
Whether or not there is new news at ASCO (and there may not be any), CLDX is ill-equipped to handle Wall Street. This Company should be flying higher into closing if the news was positive. Worse, there may very well be positive news articulated by a guy with the personality of road kill.
Too many on this Board are placing too much hope on very big news. The chance that anything will be Blockbuster or even new is very low. There will most likely be little if any "pop" until there is an actual reason. This is my whole issue with the management team. There clearly have been companies that want CLDX and would pay up for the company. This CEO has chosen the "go it alone" strategy. You may think its brilliant, but may also be all ego. We invest to make money and the Company could fetch $40-50 today. That is good for us. CLDX in the hands of a bigger stronger Company brings the pipeline forward faster and without the uncertainty of capital raises. When Monday comes and nothing is new, we will have a mid-twenties share price. Why do you all think Marucci's strategy is superior to a buyout that returns capital today?
....value destruction is the result. Wall Street has zero faith in this guy. For all my fellow longs who spewed nonsense up to and during ASCO, this is a game for Wall Street traders and unfortunately the retail investor is relegated to moaning (like me) on message Boards. This stock will not hit $40 or $50 ( where it belongs) without a change in Management or a sale. You can count on it.
Weak Management is at the core of the underperformance of this stock. Marucci is a terrible presenter. The fact that he cannot articulate the case, does not signal investors by buying shares in the open market and telegraphs his "go it alone" strategy creates a void where shorts can hammer this stock. We have the technology, but similar BioPharms receive a much higher value. In the absence of an FDA approval, we cannot move higher, because we do not have a CEO that compels anything other than boredom and indifference.
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?