Skipper- We are far far from a 13d but it is my p
Post# of 36537
We are far far from a 13d but it is my personal opinion that we need to explore legal options now rather than later. I don’t know the first thing about a 13d but I am willing to contribute to contracting an experienced attorney in this field to provide a feasibility opinion in the event 13d becomes a serious consideration. It will not divert assets or funds from the IND or the IPO because those should have occurred long before a 13d would come to fruition- making the 13d unnecessary. The 13d switch will likely trip when it becomes clear those items are all smoke, no substance.
As for “working for free”, I don’t consider the 7 million in November bonuses as working for nothing. In fact I believe Joe has received a bonus at least the last three years. Not much. But not nothing I have asked Todd who received the bonuses? Amounts? Cash? Stock? Locked out stock? What is our current payroll? Who gets what and who is working for nothing. What is correlation, if any, between dilution and payroll or bonuses? No answer.
Honestly I am starting to feel like I am being played with the carrots, then the bonuses then the dilution and then the disappointment. And then the silence. The communication is pathetic and there’s no reason for it. Quiet time can’t possibly prohibit all communication. As in the press release spinner proposed the other day, it doesn’t have to be particularly informative, expensive,specific or offer timelines. Just a “yes we hear you” “yes we understand your frustration” “we hope to……(insert quiet time compliant message here)”. Ignoring shareholders is just bad policy period.