To all, Tom, MH, Colin, Albert, everyone, I too, am so perplexed by this company, it could be the basis of a James Clavell novel. Yikes, novel isn't the best of words, at least, let's hope it becomes a documentary and example of the rewards to patience. Lord knows, all of our patience, has been tested to the max.
I don't think Joe Baba is at fault, he's just a figure head, and basically is in a tight spot, between a rock and hard place. It seems that he and Dennis Fowler grew up together and are childhood friends. So with Fowler being the takeover guy, Baba is basically out of the loop as to the inner workings of the company.
I received my proxie today, and all I can say is read it, study it, and try to understand it. It will shed some light on the intricacies of the deal. I mean there are people getting removed from the board, others (unidentified getting installed), registration of CPI as an offshore company (Cayman Islands), I mean it's convulted to say the least, but it does put a new twist on things.
Here's my take. I think the holdup is the BANK. I also think the inadvertent hitch to the whole deal has to do with the "Cayman" connection and underlying connotations. Think about it. Fowler must have gotten private investors to back him, but for whatever reason they probably didn't want to be identified. So, I think what happened is that he created a company offshore, and, innocently picked the wrong place to do it. With the Fed banking regulations, being what they are, this is probably where the glitch is. They are required to protect themselves, so as not to launder dirty money.
I feel the deal will go through, they have a vested reason to see it through. Also, you don't go down a long bumpy road, have your destination in sight, then turnaround. IF that was the case, it would have happened months ago.
Now, let's get focused on what probably is the underlying scenario. My guess, and believe me it is only a guess, based on some serious snooping, and I do mean serious.
IF you only knew, I literally, am obsessed with getting to the bottom of this. But here is my interpretration.
Dr. Dennis Fowler is just to credible, and has a resume that looks like the who's who of distinguished researchers, to get involved in anything that was less than honorable. To that note, two things stand out. One, I would have never gotten invested in this company, had it not been for his credibility, two, I don't think he would no jeporadize his life's work getting involved in anything less than honorable.
With that said, the first question that I always asked myself: Why would a Dr. of his stature, leave a big pharmecuetical company, to go with some little pissant company? It wasn't for VWD, that I can rest assured. So that means he was after the "Growth blocker" technology, after all, cancer research is his forte'.
So, I think he was lured to RCG with the hopes, prospects, and promises that the "Growth Blocker" held. Was probably told that he would get all the funding he needed to further it's development, and be installed as CEO. But, I think once he got there, the funding was not there. And, most likely Chaisson, or whomever, was probably in the background, still pulling all the strings, and Dr. Fowler most likely got frustrated. He probably saw the potential of both the Growth Blocker and the CoQ10, and made a deal to take over the company.
Now, I think what is going on, is that the money behind Fowler could very well be connected to one of his past "big pharmacuetical" connections, and they don't want to be idendtified. Which tells me, that there are other plans, once all this financial hoopla is finalized. Let's face it, 27.3 mill is at stake here, so whoever puts up that kind of money, knows the true worth of the technologies. It ain't no "JOE BLOW" off the street, it has to be someone who knows what this technology is worth and that someone would be a pharmacuetical house, right?
Now, let's say that the deal doesn't go through as planned. The tech is still there, VWD is still there, the inventory is still there. So what is it worth in parts. Gordon Gecko come to mind? It's far from being a dead deal, not as long as there are credible people, and interested parties, that would spend relentless time and energy to bring it this far.
Time, is the real investment, and I am in this up to my keister financially, so, although I'm all in, I plan to sit it out, and continue to dig for the underlying truth and take any gifts that are handed in me in the form of stock price. Think about it, the financier is willing to pay .83 per share, so what's it really worth? Guaranteed it's not less.
RB |
