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Chelsea Therapeutics Internatio Message Board

rick3568 35 posts  |  Last Activity: Apr 30, 2015 12:46 PM Member since: Jun 24, 2009
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  • rick3568 rick3568 Apr 30, 2015 12:46 PM Flag

    Yep. its why I got out. Despite the fact that the product worked for me, I knew that Pharma is a long road. I always thought there could be hope with the supplement, however "hockey stick" growth in revenue failed to materialize. Then once the product was gone, that was is it. There is no real patent protection at this point (JW has many of those that do exist), the cash situation is abysmal and the data trials are far too early. Who needs shorts with all that, especially considering the value is still in the multi millions of dollar range. Still room to drop if there are setbacks, and a slow bleed is also possible if no real positive stories develop and there is a new vacuum.

  • Reply to

    Wall Street Journal

    by pablo313113 Apr 16, 2015 4:12 PM
    rick3568 rick3568 Apr 16, 2015 6:07 PM Flag

    Um, because they are a financial journal?

    If you dont want bad news, dont have any. Tongue in cheek of course, but to hear that someone secretly gave a response to the FDA without several management and board members knowing isnt exactly a sign of good things going on in RCPI management.

    Maybe the real question shouldnt be that the Wall street journal is at fault for negative slant articles (always the medias fault), but rather that maybe, just maybe, RCPI still has issues. Perhaps, just perhaps, it isnt just some big conspiracy, but instead the news is true.

    Color me crazy, I know.

    Now kudos for the reverse split, but come on, get it together mgt.

  • Reply to

    VOTE AGAINST HILLARY CLINTON

    by crappy_rngt Apr 2, 2015 10:44 AM
    rick3568 rick3568 Apr 6, 2015 1:12 PM Flag

    Na, remember, shes on the Cattle Futures board.

  • Reply to

    VOTE AGAINST HILLARY CLINTON

    by crappy_rngt Apr 2, 2015 10:44 AM
    rick3568 rick3568 Apr 2, 2015 5:24 PM Flag

    If by doomed you mean a 140%+ gain, just like the nasdaq has done under Obama, then I say, bring on the doom.

    Must be all that socialism.

  • Reply to

    VOTE AGAINST CHRIS CHAPMAN!

    by fox.samantha41 Mar 30, 2015 8:51 PM
    rick3568 rick3568 Apr 1, 2015 8:22 PM Flag

    HA! Always a source of entertainment, the nonsensical wild theories. This all at 10 cents a share.

    Im guessing voting chapman back in is a good move for the shorts. More of the same. Besides the "who do we replace him with" theory always stands. Amazing. Someone fails for years, and the only excuse to keep is either A, hes the best we can get or B who else would want the job? A formula for mediocrity.
    Then theres the "well he deferred his salary". Yeah like that worked out great for Shareholders in regards to Perito.

    Ah well, moot point anyway, Im sure the cronies will vote him back in. Retail has no control over this company, and there in lies the problem. Its all just an ATM for management, success or failure, funded my the minority retail shareholder.

  • Reply to

    Our Up-Coming Vote on Directors

    by thetimehascomethewalrussaid Mar 26, 2015 2:48 PM
    rick3568 rick3568 Mar 27, 2015 10:18 AM Flag

    Interesting. Im glad to see shareholders fighting for THEIR company. Like you said, Chapman heads up compensation and had 'contacts' at the FDA? Time for the boot.

  • rick3568 rick3568 Mar 18, 2015 2:43 PM Flag

    Especially with management getting their comp from shares. I wonder if Perito is selling considering RCPI is 600k behind in paying his $2.5m bonus. Not sure if he would even have to disclose at this point.

  • Reply to

    Are people

    by new2cigx Mar 17, 2015 1:38 PM
    rick3568 rick3568 Mar 17, 2015 1:49 PM Flag

    I agree with much of what you say, except for the product. Yes, it did work for me and it worked well.
    I dont doubt that JW is a swindler, but he did make a good product.
    The problem was, of course, he basically robbed shareholders for years IMO.
    Million dollar salaries, jets cars, perks etc etc etc all the while shareholders paid the bills. He loved the shortcut too apparently as evidence by the political mess that was his, and RCPIs, downfall.

    Get paid now and if you make it big, all the better. Entitlement at its worst, just like a welfare queen spending her checks on the lotto.

    While alboc worked for me, I dont doubt there is still much to flesh out with studies. All those claims of curing this that and the other were just that - claims. Still I think there was potential enough to study. Whether or not we ever find out, thats TBD, but I would guess that RCPI wont be the company that finds out.

  • Reply to

    thoughts on 10-k

    by twicesilent23 Mar 13, 2015 7:26 AM
    rick3568 rick3568 Mar 17, 2015 9:53 AM Flag

    "Perito deserves all the worthless stock they can give him."

    Ha, so true.

  • Reply to

    thoughts on 10-k

    by twicesilent23 Mar 13, 2015 7:26 AM
    rick3568 rick3568 Mar 17, 2015 9:33 AM Flag

    Hey Twice
    Did you look at the 14a filing on Friday? A lot of revealing compensation information in there.
    Some of my favorites - over $148k in AUTO expenses for select executives in 2014. Perito himself got 50k in Auto perks along with 23k in Club memberships. Two employees - mullan and chapman made 900k combined and in all 5 execs made close to $1.5m in salary. What did shareholders get for that? Why a discontinuation of their only viable product, delays in study filings and a 90% drop in share price. Now again Im not against paying someone a fair salary or a good buck, but this has been a train wreck. And 600k for a CEO of a company YEARS from product seems excessive, especially given the history. Also the fact that perito had so many perks even at the end, it does go to show all the nonsense that went on here with execs for the better part of a decade.
    It seems, however, the well has run dry. They are 600k behind in Peritos $2.5m bonus which was to be paid in 8 installments. Behind in others too. Current execs deferred too.

    So part of the ASH meeting in April is discuss exec compensation. Much of the salaries in short term now seem to be share price driven. Now normally I would cheer that, however based on past behavior, I dont exactly trust the intention here. If I were a shareholder, if there is some sort of price rise I would watch CLOSELY what execs do. There may be some serious selling, as perito and others sell hard to get blood from a stone.
    That rise (pump?) may come just prior to ASH meeting – they will want a cheery mood, followed, perhaps by a lot of selling. Soon after is where I would keep an eye on exec selling.

    One other beauty in all of this. Part of the objective at the ASH vote for exec compensation is to design compensation packages to attract and retain individuals with superior ability and managerial talent. Nice. With that kind of talent, why do shareholders need enemies?

    Ill say it again. Entitlement.

  • Reply to

    Franco

    by morgueana666 Mar 12, 2015 7:54 PM
    rick3568 rick3568 Mar 13, 2015 1:32 PM Flag

    Lordy this board is great for a mid day hoot.

  • Reply to

    Dr Nomo Sailor

    by pharma_treasure Mar 4, 2015 11:41 AM
    rick3568 rick3568 Mar 7, 2015 10:17 PM Flag

    Why was Perito and party working on a Tobacco settlement for years and years? Was it because they were certain of the outcome? Then why did the only get 5k settlement. Oh thats right he worked it for the $1 M salary he collected for years and the $2.5M parachute bonus. All off the backs of shareholders.

    Just because someone is working something doesnt mean it will come true.
    Now I personally hope it works, but dont put faith in a certainty of an outcome just because someone is working it. Wait for proof. Fool me once....

  • Reply to

    If this goes to $5.00

    by sotama12 Mar 1, 2015 3:09 PM
    rick3568 rick3568 Mar 2, 2015 10:00 PM Flag

    What do I care. I bought at $1.4. So did a lot of people

  • rick3568 rick3568 Mar 2, 2015 4:14 PM Flag

    RICO....

    Suave....

  • rick3568 by rick3568 Feb 27, 2015 1:22 PM Flag

    Would have found this site most illogical.

    Good man, iconic character. Will be missed

  • Reply to

    Is the FDA stonewalling RCPI?

    by lazyland1ord Feb 27, 2015 9:59 AM
    rick3568 rick3568 Feb 27, 2015 11:02 AM Flag

    in one word, NO.

    nope nada, no way. Ok thats a few words.

    Wheres the proof?

  • Reply to

    Next hurdle

    by twicesilent23 Feb 25, 2015 4:28 PM
    rick3568 rick3568 Feb 27, 2015 12:57 AM Flag

    Good analysis, however naive IMO. Wall street doesnt matter? Nope, Its all that matters unfortunately. Capitalism at its best - no social handouts here, remember? Just look at how the big investors had their warrants re-written. Why would RCPI have to do that if they were confident in a big return? They would be holding all the cards, but apparently they are not.

    I also believe it works, however, I also know Big P is a dog eat dog. Thus, my guess is why would Big P or anyone else invest in something when you can let it die and then pick up any IP for cents on the dollar, assuming there is value.
    Sorry but thats just how true unfettered capitalism works. Money talks.

  • Reply to

    Another Bogus lawsuit?

    by jk224_pmc Feb 25, 2015 8:45 AM
    rick3568 rick3568 Feb 25, 2015 2:02 PM Flag

    Agree on all those reasons.
    I would like to add that I feel this company had a reputation of deception. I personally recommend the stock to someone who lost money so now I also feel responsible for calling out all the BS when I see it. One big reason I stay. Like you, not here to destroy or bash, but quite frankly, when you dont own shares, its easy to see that there has been little real good news in years and a ton of bad news.

    Used to be this board was filled with shorts that lie. Turns out, it seems, they werent lying about many things, and now its mainly the longs that pump and lie. I was taken in because the product worked well for me, but Harvard club was the eye opener. It was then i realized how deceptive the former mgt team was, and it opened my eyes to a great number of other transgressions. (eg salaries, P Cox, Dr Fizzle etc). From there the dominos fell with all their other nonsense (political scandal, nepotism, jets, salaries and bonuses etc) Sins of the father - this new mgt team had a lot to prove but I gave them the benefit of doubt. So far doing at best an average job and certainly have not solved the issues of over-spending.

  • rick3568 rick3568 Feb 25, 2015 10:34 AM Flag

    Beat me to the punch.

  • rick3568 rick3568 Feb 25, 2015 10:28 AM Flag

    " What does shorty want?"
    "Shorty really doesn't care if he pays 13 cents or 35 cents.. "

    You realize in the same paragraph you stated you dont know what "shorty" wants and then proceeded to state what shorty wants. This sums up the uninformed nature of many investors here. They want someone to blame, instead of accepting reality.

    All this bigfoot paid basher stuff doesnt mean a hill of beans. What does it matter if its true or not??! Fact is the stock has tanked. The only way RCPI will silence critics is if the stuff works AND they have the funds to pull it off.

    Stop making excuses that the only reason this stock is in the tank is because of shorty, and instead point out the facts of the investment. SHORTY is CLEARLY NOT the only reason. This has been a mess for years - for Gods sake it has had 3 different stock symbols since I started watching a few years ago! In that time, they had one profitable quarter. Not to mention lawsuit after lawsuit, govt investigations, products pulled, studies stopped with data withheld, poorly written press releases, investors having warrants rewritten at lower prices, private investor meetings outside of public view etc etc etc. All the while management has been paid handsomely on the backs of shareholders.
    I gave the benefit of doubt to the new team, and perhaps they will still pull it off, but lets face it, the crash and burn here is NOT due to shorty and if anything, the company is still overvalued until they prove themselves.

    With truthful analysis, and not fantasy spiteful blame, the proper investment plan becomes clear for the individual, whether it be buy, sell, short or hold. Included in that should be a realistic view of shorts. NOT BLAME, but whether or not there will be game changing news in near term that will cause them to cover.

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