REH:
I assume you have seen the discourse being stirred on the other two boards, but for those who have not, I'd like to encourage you to check Denwins board on Yahoo and Raging Bull.
People over there don't sound so bullish.
Denwins seems to have some interesting and valid points....I cannot get the message to paste.
There is a lot of misleading information about this new CEO issue. My information has been for some time that Yeros agreed to leave the company and seek someone who was more experienced in the direction the company has taken.
In your chat, he made it pretty clear that he would work with a new CEO, leaving us to assume that he might be searching for someone to head up Cymedix, but that he was still going to be around.
He stated in the chat that he would "do whatever is best for Medix".
Denwins asks for the following from Yeros:
1) a specific date for the hiring of a Cymedix CEO
2) a specific date for the Wellpoint pilot
3) a specific date for the Humana signing...now who said anything about Humana?
4) a specific date for the completion of financing
5) a specific date for the disposal of healthcare properties
6) a specific date for his departure
And he could respond to these questions at the upcoming annual meeting.
Denwins then stated "when asked why Healtheon was valued so highly compared to Cymedix, John blamed it on the pedigree of the CEO: John, pedigree is inherited".
Denwins continues by pointing out that the HLTH CEO earned his reputation by being successful.
In a later post, Denwins states that the Medix Board of Directors are held liable personally for anything that goes wrong as Medix has no Directors and Officers insurance.
Then he mentions the daily diminishing of our return with our Board of Directors needing to be held accountable.
The $800k that was raised is insufficient to fund Cymedix. That is stated in the May 14 10Q. And, btw, that private placement came from individuals, not institutions. I have first hand knowledge of that situation.
Then we have XStaffExecutive, who says that he formerly worked for Yeros and states:, "Watch out for a stock hype. Its coming. Rumors of a new contract, management changes, new found money. This is all right up Yeros alley."
XStaff then continues...."this hype news will be followed in dribs and drabs by real news of no money, no contract...yet. And layoffs. I have seen this same modus 6 times in 4 years."
REH, my intention is not to bring a bunch of grumbling to the SI board. This is much more than grumbling. These are very serious issues, and crucial to the future of our company and investment.
You yourself are doing what XStaff is stating will happen.
As you and I have shared, there has been too much misinformation floating around about this company. That doesn't help us.
And since you have taken a public stance on Medix through your Financial Site, I'm asking you to publicly address these issues. You cannot be John Yeros, I understand this.
Will you please sort the information from the misinformation for the readers of this board according to your knowledge?
If there are two sides to this issue....actually, there are, but any way you crack it, this company seems to be going nowhere until Yeros is shown the door and escorted by his board.
Mary |
