Hope buyout or partnership happen soon, as the long will got killed by the current management.
If JJ is still on the position for another year, for sure the company will go to BK.
The answer is NJ, his home because he has a Kid in high school, and it is part of the deal he has been working from home. Also he get rid of the COO position of the company so that he has total control.Imagine where an incompetent guy like him take us to?
As long as JJ is still the #1, and his friend #2 (marketing), and his mistress (#4) still there, I don't think we are going anywhere. They just don't have a vision on where the company is going, and also they don't have any skill set to run a REAL independent company. We either got a bought out, or will go to BK, or get rid of JJ and his friends very quickly, and hire a REAL industrial veteran to turn this company around. Counting on JJ is just like a day dreaming, because JJ is always day dreaming in his New Jersey mansion with his mistress, and he does not have the energy and experience to help the company.
Comments are welcome.
Not sure about that. The more money the company raise, the more money JJ will be squander away, as JJ does not know how to sell the product, how to strreamline the business to cut cost.
He only know how to get his friend and his mistress in the top management position, and then doing nothing in NJ mansion....
Agree. The longer the company is in JJ's hand, the worse the company will be facing
From the last conference call, I realize that JJ was surely working for the short position of the company. Not sure about his intention. Maybe he is the one who has been working with the buyout candidate to drive down the PPS, and then he can get a position in the new company. This guy is very bad, and he is a poison pill for the share holder of the company.
Can we work together to get rid of the guy from the BOD? Thinking of writing email or letter to the institutional holder.
I am sure if he resign today, the PPS will rise for at least one dollar.
I hope you are right. But with the incompetent JJ, you never know what will be happening. He cannot sell the product which is something we knew. Not sure if he has the capability to see the company. From the stock price now, the street dos not believe in the management. I hope this guy can step up and really do something GOOD for the shareholder of the company, not to work for the short position of the company.
Hope JJ is not trying to hide the fact that he declined an attractive offer, and realized that he is #$%$ up again.
He is a totally waste, if you look at his resume. Has he ever got anything done before he was placed on this position. He hired his friend as the # 2, #4 person in the company, and got nothing done in the last couple of years when the company need it most.
The more transparent the company is, the better position we will be in for longs. Some people still tried to blame the ex-CEO, and it make me laugh: At least he got all those money to have an approved product on the market. What JJ is capable of doing: Hiring his friend, and mistress, and doing #$%$ nothing at all.
By the way, with the company based in Seattle, I believe this guy is working in NJ, can you believe that?
Partner is the only way out for the company now. Not sure if JJ has the capability to.... I am running out of words for this guy.
Comments are welcome.
drive the price down to buy a company with a good product, but badly managed since the product approval.
with a very cheap price. The current management is cooperating with them to drive the price down. I think they have already got a price. Most probably from 6 to 8.
I know that Gold have the capability to sell. To get the money needed to have an approved product.
Can you tell me what the current CEO can do? He took the position to turn the company around.. If he did not have the capability, he should be fired/discharged.
Wall Street is all about credit/confidence, this guy is link to a bankruptcy of a company. Do you think people would have confidence to put money in a company he is running.
By the way the guy is not in Seatle where the company is running its business. what a joke.
I will vote him to be the WORST
The company is failing, who do you think the shareholder should blame?
This guy is destroying one company after another, and he did not have a clue what he is doing in terms of running a company.
#1, #2, #4 position of the company is taken by him/his friend/mistress, and the CFO was let go, and the company is simply NOT doing good under his leadership.
A 'Scam' with the cooperation from FDA and EU,
Woo, you are kidding me.
Here is my 2 cents: The science is there, obviously, as it's been approved by both FDA and EU, which is quite an accomplishment. However the current management team does not have the capability to market and/or manage the manufacture of the product to make the product profitable . That is the key.
Some people are exccellent in one area, but stupid in another one. The key now is to align the management team, to lay a executable plan so that more people is willing to buy in and invest in the company.
But the stupid arrogant CEO did not give the street any clue what he was going to do. I don't know who hire this idiot, and what he is doing everyday, if he does not have any clue/vision of where the company is going.
But don't short this one, as it is as risking as, if no more, buy the stock at 7 pps
Do you know what you are talking about.
If everything is good, do you think you can get the share at two's or three's per share?
It's all about the confidence. The science is there: FDA and EU approval proves that.
They have a very incompetent CEO (need to prove he is competent one), who does not show any directions/clues how he will lead the company to success. Nobody likes uncertainty, but the guy deliver the uncertainty (on purpose?) on the conference call. He also showed his arrogant in the meeting, trying to hide his fears of something....
DNDN need to vote out the CEO (not let go the CFO), and pick up one who has the vision to lead this company to success.
Again the science is there, but the management sucks. Who should be taken accountable, CEO, of course. How can you blame the CFO for that?