<< Why would Keith Berman have hooked up with a loser like Yeros and NURS in the first place? If this software were/is the "cats pajamas" as so many here insist it is, why, why, why, WHY didn't Berman just seek financial backing and bring the stock public through the "shell" of some other healthier corporation? >>
Good questions boydude. Here's my take....
1) First of all, the Cymedix people currently own about 30% of MDIX. That's close enough to control to indicate that the wishes of Cymedix people have to be granted for a long time to come. Let's get this straight. I, like many of you am upset at a lot of what Yeros has done (or not done) too.
2) The Cymedix investors (Cymedix was a corporation of which Berman and others, including a Mary Ann Young -- our Mary, were minority shareholders) chose NURS as a merger partner. That means the company was probably controlled by its early funding and venture capital sources. Not uncommon.
3) Any merger with a public shell would not have given Cymedix a NASDAQ listing. I would suspect (and Mary needs to be asked because as a former Cymedix shareholder, she has the Cymedix merger disclosure statement), that Cymedix shareholders thought they would be 30% owners of a NASDAQ company with a lot of cash, and no liabilities because NURS was going to be selling off chunks of itself to finance Cymedix.
4) I know of Mary, I know Cymedix former Chairman, I know Berman. I don't think any of these three level headed people would vote today for the merger, knowing what they know now.
5) I wouldn't call Yeros a loser. My broker contacts in NJ who also know the Banyan people, and who claim even as late as Friday evening, that Yeros has other alternatives to the Banyan sale, believe Yeros is stubborn and uncompromising, but basically honest and not stupid. I'm sure Yeros isn't your favorite person right now, but the guy is a survivor. Don't count that out. |
