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Valju, we just keep talking the same thing. It is poor management to lead us today and why after 6 years we still don't know much about val201 is really getting to me, my fear is that they might announce something then say actually we need more trials and time before it can be completed. That would be terrible.
As I said I do not have any faith 401, I said many times already it is not easy to pass phase 2 and if Val actually passed then we would see many folds sp than the current one, the market was not convinced. But if they can prove me wrong then I am happy to take that.
That person being George then, as there is no other person "in charge" imo
As currently Val still own a 55% controlling interest?
So, why let it go, yes you hit nail on head, as you state they cant afford next level, yet, to buy said controlling interest, was less than a single directors annual remuneration?
I would also say, if you went back over the finances and raises etc and looked closely, then added, the who took what and when, we would have money still available, instead of dire straights... You dont take high is sals with no income, you wait until you generate that income?
Im sure if you compared salaries and costs etc, you will see where the bulk of the cash goes?
Thinking we shall have to agree to disagree as, I have an inclining whats coming next... maybe you do to... and from the grape vine, 401 is far from over, imo, and does have Co's that want it, but as always "other points" clog up, the negotiations... :(
ValJu, I mentioned on here few times, I personally wrote off 401, it was a bonus if it come any good and even now I still think the same, I said it was a bonus if the compound was interested. It is fine if the compound doesn't come good, we should prepare for that as it is normal in research. Our real anger is about their bad management and why it takes so long to get and details about 201.
Obviously Val took on 401 with the hope they would make good of the compound and profit and their intention was to complete phase 2. No way Val has money to take it any further, the company is on its knee, and if you are here long enough then you would realise that Val, financially, was doing OK before Val201 clinical trials and it was worst when they took on Val401. Now, why we still don't get any report on the six parties then we should ask the person in charge.
Hi Y1970,
maybe ask yourself, why do you think Val stooped funding 401 and cut it loose and stated it was now on its own, due to the six interested parties and two letter of intents? or indeed maybe ask Suzy or George?
in addition, who released the rns info on the six possibles? George or Suzy?
and again ask yourself, who sanctions all the info for release, ie: who is the Chief Operating Officer?
imo it is not Suzy who the anger should be directed at, it is the COO and CEO and to a degree the CFO, the three key decision making people of the Co?
there is so much more to this than meets the eye, and quite frankly the only ones, who best interests are not being looked after, are us the shareholders imo
for the record, when we tried to vote a BoD off, it failed by around 35 mil to 71 mil? if i remember correctly, therefor, if many did register and did attend and did vote, yes they could close it down, but like JG, it could have an adverse effect on everyone? not easy is it....
but if at least all attended, perhaps we could see who really wants Val to succeed long term and who just wants to trade it?
just my thoughts
In general you can only vote with the shares you currently have, even you have someone in the background but they were not declared at the time as yet so you still have to wait for approval from share holders. A simple example is in June 2016 (read the rns) the shareholders led by johng managed to win the resolution 6 but then they had to back down as it was feared the company could not function. But again, these people will have ways to raise cash even you try to stop from one source.
About 401, I personally think you need to direct your anger more at Suzy because as far as VAL is concerned they are now the same like you and me, they invested in 401. They might have a little say here and there but they do not have a lot of authority like before. Don't forget that Suzy will always say nice things and holds high regards about Satu or George even if personally she thinks bad about them. In public they must be positive all the time.
BTW Dracua1, I might be wrong but I think 5-6 years ago you used to invest in PYC, Obelix was ramping the hell out of that share. Have good day.
I hope the grape vine Is correct. All I want Is something back . Sick of It. I'm sure to that It will be hard for a lot of LTSHs to get anything back. Being Invested for so long and not the finance to average down To many times. I feel for them, the Real SHs.
IMO.