GUMM - Eliminate the Common Cold Message Board

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Biotech / Medical : GUMM - Eliminate the Common Cold

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To: big run who wrote (927)	9/19/1999 10:57:00 PM
From: Mike M	of 5582

What I find really, really odd is the fact that management has very little stake in the company. I see shares out of ~7.1 million and the float has ~5.9 million. This leaves management only a 17.5% stake in GUMM. That isn't exactly a hefty vote of confidence in their company. If you follow the company history you will find that a number of the company founders are no longer involved. One died and the family sold out. Others departed at various stages including the former CEO and several directors... There have never been the financial resources for the company to make a significant repurchase of their shares. On the other hand they have resisted private placement solutions that would dilute shareholder value. No doubt Mr Kehoe and Brown Russell have a significant percentage of their net worth in this company....which is good enough for me. So what you have here is a mixed bag. Only 7.1 million shares, a company that doesn't tout, despite Bill's ranting to the contrary, a product that some believe (including me) will revolutionize cold treatment and plenty of skeptics (including you and Bill). Oh, did I mention they make gum. Probably not your kind of company unless it captures the imagination. Good luck.

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