Your point about H & Q is the crux of the situation. The stock is at these levels because mgmt has no credibility and doesn't seem to be able to get the word about its technology out in a believable manner.
However it should be noted that Jennifer and, I think it was Bonfiglio
who was at H & Q.. If not it was Oliver.
Management could be doing alot to help this stock, instead they mislead shareholders about the burn rate, announce deals before they are completed which only sets themselves up for failure, and don't release important information in a timely and credible manner. Hows this for an example--both clinical trials have been delayed. Thats important info--don't you think you should hear it from the company instead of me?
This information could be presented in a very favorable light, but in the absence of accurate information a vacumn of rumor springs up. There are other things mgmt could do and say to help themselves--and insted of realizing this is the problem certain shareholders are casting about looking for villians to blame.
John Dixon, I'm saddened to see you lump me in with the dreaded Darth Vader, NJ group Davis has spent so much time blaming for the stocks decline. The only group I'm a part of is the loyal, diehard group of TCLN fans that will own the stock until we die. There is not a time since the company went public in 1993 that I haven't owned the stock.
I've asked any posters to state evidence, solid evidence that some group is manipulating the stock. About the most concrete info around is stuff like "I talked to this trader who says..." and that doesn't convince me. It doesn't mean some group is, or isn't manipulating the stock. It just takes solid evidence to be believed. And the most solid evidence is the mgmt has been forced to sell over 250,000 shares since the stock broke the $2 level. And everytime another sale is reported on Bloomberg Stone and the touts tell everyone that the forced margin selling is over, only to have another sale posted a few days later. Its no wonder TCLN mgmt has no credibility. Like Celeryroot they are just a bunch of liars. As stockholders we deserve better.
Johh, its about more than Stone stepping down. Its about him starting to do his job while he is still there. They could start with a conference call and apologize for the mess they have created. Thats all Stone should say. Then Oliver and Bonfiglio can bring us up to speed on the clinicals and cross licensing deals. And Alan can tell us about what new technology they are working on, and the progress of the China trials. Then Stone can get back on at the end and pledge to keep shareholders informed of any developments and changes in a timely manner, AND THEN KEEP HIS PROMISE. That would be a good fresh start.
Once again to avoid confusion about where I stand, I love this company and its technology. But mgmt has screwed up more than one to many times. And even though the stock might go lower I think its a BUY. |
