Tom -- You make a number of good points, and express your frustration well. My question is "Why haven't you forwarded your ACEL investment and contact information to me if you are so dissatisfied?"
For months, I have been openly asking people for help on this thread, to do exactly as you suggest: build a voting block constituency to influence the future direction and management of ACEL, in the event that we are unable to collaboratively work with current ACEL management to rectify the plethora of obvious shortcomings.
Presently, stockholders representing nearly 10% of the company's outstanding shares have responded to my suggestion that we unite to effect a change. What I continue to find unfathomable are all OTHER shareholders who lurk on this thread or have otherwise contacted me by word of mouth, some of whom control several hundred thousand shares, that express the same views which you have so clearly given us, yet have thusfar not joined in our effort to effect any change. I'm sorry, Tom, but to me that smacks of 'whining'.
If you, or others, need help focusing, here's the bottom line:
--Onconase has staggering potential, IF it ever gets to market
--ACEL management has repeatedly undermined the company's market valuation through their insider selling, etc.
--This is a publicly traded company governed by SEC rules
--Present ACEL management claims to be acutely aware of shareholder disgust and say's they are trying to effect many of the changes we deem necessary
--Come November 20, we will collectively have a guaranteed opportunity to hold present ACEL management accountable for their progress in meeting OUR NEEDS.
Now, the question is "What are YOU (and all the other disgusted lurkers) going to do about it?" If the answer is whine on the Internet, find another thread. If the answer is line up as part of our voting constituency and commit your shares to our cause, then send me an email with your ACEL investment and contact information.
Present ACEL management will find that we can do this the easy way (collaboratively) or we can do this the hard way. The bottom line is that with virtually no effort we have 10% of the company behind us, and another 30% or so on the fence. I am certain that with just a little bit of effort and no serious change in the direction of ACEL come November, we can put together an overwhelming majority of shareholders in short order.
Sorry if I come off a little harsh, but at this point, the only thing I find less tolerable than the past performance of ACEL management is a disgruntled shareholder who refuses to get with the program. This goes DOUBLE for you larger disgruntled shareholders lurking out their who are afraid of alienating Tina or Gail! This is nolonger about making money; this is about righting basic wrongs. Have a nice day. --John Jenco |
