Actually Jim, Stone stated in his Letter to shareholders it was his goal to make "the Street" recognize to value of TCLN and its technology. Since that remarkable piece of literature was disseminated to the public the stock has gone from about $4.50 to $2.25 or 50%. If you prefer fractions the stock has lost 1/2 its market value since Stone made his goals public. Talk about a credibility problem here it is in action.
Jim, this company has so much spectacular technology, so many good things to say my daughter could conduct meetings with analysts and brokers and get the stock to $7. Stone can't. Stones attitude is (and this is an actual Stone quote made repeatedly from the 1980's onward) "We won't hype the stock. It will go up when we've accomplished something" (obviously the market thinks they've accomplished nothing)which is an incredibly stupid attitude for a guy that has to sell stock to raise money. Its real easy. In order to raise money you have to sell less stock when its $7 than when its $2. But why should Stone and Co. care about dilution. They didn't have to pay for thier stock. And they can't figure out a company with 30,000,000 shares outstanding is worth 3 times more than a company with 90,000,000.
Jim, my friend. You haven't bothered to address my question about whether or not its OK for Stone to grant 10's of thousands of options to touts? Just like Celeryroot you just make statements and won't answer questions. Just answer this one simple question. Is it OK for Stone to grant 10's of thousands of options to touts?
You love management, that's OK. I like the company and its technology, but Stone can't even meet the simplest of his publically stated goals. He can't even manage his own financial affairs so it should be no surprise he can't manage TCLN's.
Do you realize that the market cap of this stock is about $75,000,000. That's about 1/4 or if you prefer 25% of the market cap of similar bio-techs with products in phase 3 trials. And those companies don't have near the pipeline of new products that TCLN has.
Yes, Lon has stated what he's working on, and it isn't working. The company will eventually succeed and meet Stones' goals, but not while he's there. Sorry, but your hero won't be there when it happens. He's the goat.
BTW why do you waste your time trying to defend someone who has repeatedly lied to you, and will do so again without thinking about it? Or is lying by officers and directors of a company OK with you? Don't answer. Your post speak for themselves.
Jim, here's the short version. STONE"S OUT. He won't be here when the deals are done and the products get to market. He's the goat. |
