The Board of Directors has been extremely negligent in not making a change sooner. If Clint had taken over two years ago, we would likely be in a very different situation now. Butch also stayed much too long, after he no longer had the drive to make the company a success, imo.
You do realize that the reason they want to talk to you on the phone is that they can't be held to anything they say. If they put it in writing, that would be different.
NOTHING about the way they have handled this transition is kosher. Professional companies do not operate this way. This is real OTC nonsense. I do not have a good feeling at all. I hope they SELL AND SELL SOON. And Dr. McGann, please wear your seat belt...we cannot afford to lose you!
Alec, How much of a cut would you expect the lawyers to get?
It will have to be forced by a judge because it's not what Clint wants, and the board apparently is behind him, including Sennewald (that's why I believe they have bought him off by giving him hyperthermia). Clint's interests are NOT ALIGNED with current shareholders. He wants to raise capital and try to grow sales organically. This will cause massive dilution of the stock, and take years to accomplish if he succeeds -which is doubtful, imo.
I believe that the legal route -FORCING A SALE- is the only chance investors have to salvage any value. I also believe that they have developed a plan to give the hyperthermia business to Sennewald in exchange for his buy-in to Clint's plan, which destroys current shareholders.
Will they r/s to raise capital at this point? I like their technology, but wish I had more clarity on the cash situation.
From a humanitarian standpoint, a sale of the company might also stand to benefit more patients, and sooner rather than later. Clint's plan is going to take a lot of time, if it works at all. I would rather see this technology in the hands of a company that can get it to market faster, so that it can actually start helping cancer patients.
This is why we must do everything we can to force a sale of the company, or at least they hyperthermia business.
Clint does not deserve any credit at all for that farce of a conference call. He expects shareholders to believe that the hyperthermia business has no value after PRs announcing marketing approval in China and a new treatment facility in Europe? He does not address the issue of delisting, or how he plans to finance his sales strategy? Does anyone believe they have sufficient cash for 12 months? Ridiculous!
Alectric, please keep me posted on any news related to a possible class action and let me know if there is anything I can do to help. What they're trying to do is wrong - we should not pave the way for Clint and new shareholders to profit at our expense.
The more I think about it, Clint's attempt to brush the whole issue under the rug is pretty outrageous, when you consider that the last any of us shareholders knew, we had contracts for guaranteed purchases in Asia and a new treatment clinic in Europe dedicated to hyperthermia. And now we're just supposed to swallow, without explanation, the idea that they can't sell it at any price? This entire turn of events is almost unreal.
ok this sounds like a conspiracy theory, but do you think they are setting up a plan to convince us that the hyperthermia bus has no value so they can give it to Sennewald to get him to agree to the dilutive plan?
I think that Clint's vision for the company is essentially at odds with the interests of existing shareholders at this point. A sale of the company would help those of us who are already invested. With Clint's plan, I believe we will be diluted to the point where we can't recover, even if the company eventually does.