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- 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 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.
j20- You are one of the morons I'm talking about. I am an existing shareholder with a significant retail position. I think management is a joke and will not stop until this stock is at its rightful $40+. I obviously made a mistake buying at both secondaries and believe the Board needs to get rid of an ineffective and destructive leader. I don't need your validation and I'm not looking for it. We need a sale of the company or a new CEO.
We will never recoup our losses here. Actions taken by those of us who invested at the secondaries will need to litigate to recover something. This is corporate mismanagement at its worst.
I will jump in. He didn't get any smarter or communicate better or instill anymore faith with this announcement. Any other biotech would have gone up double digits with this kind of announcement. No one has ever doubted the scientists, just the Moron in charge. Are you happy with a stock that couldn't hold being up even $3 ON THAT NEWS!
As the year closes out, holiday gifts for all. For Marucci- a brain, a strategy and some presentation skills. To the Board of Directors- D&O Insurance to cover your legal fees and damages paid to shareholders. To jtower- a life. To the Message Board- less politics and more CLDX. And to all longs- a Hail Mary that either replaces Marucci or results in a sale so that we may realize the $40+ Pops we deserve.
No stock, even Biotech with supposed "promising" trials and results trades like this. He was caught w/h info last summer. He has history of bad behavior. This guy needs to be held responsible along with his crony Board.
Oh No!! Not the Iggy Button!!!! You are even dumber than I thought. Are you Marucci?
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.
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.
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.
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.
We didn't. They sniffed it out, driving CLDX down. His lack of disclosure to ALL shareholders and continuing criminal and negligent behavior has set the stage for a powerful class action suit.
You'll see $40+ If they would just sell the Company to a company with more respected management.