To: Robert L. Akers who wrote (8696 ) 6/6/1998 3:06:00 AM From: FeringiTrd Respond to of 10368
Many thanks to those that were able to attend, ask questions (especially the pointed ones), and relay their observations. It sounds like management has realized that their future is linked to the stockholders future, and is making a serious effort to gain credibility from the stockholders. This is quite a turn-around from the previous (IMO, never humble) rape & pillage strategy that brought the stock price to the present levels. My hat is off to Mr. Hilliou, for bringing into focus the basic concept of shareholder value to the management level; it appears that we may have the right man in place to realize the potential of BNGO for several years. It was asked a while back what we expected him to do, as he was appointed by those that we expected him to control; he has shown that he has the confidence of the board in his decision making process, and it appears from what was posted tonight, he has been rewarded by the good faith efforts by those very same people that appointed him, by following his suggestions regarding compensation issues. This is what we demanded, and expected no less. Now that we have a CEO that is in charge, and not just a flunky (bet I hear about that), I am more interested in hearing what he had to say, than the latest price for the stock. I look forward to the posting by JTO of the particulars. After I read the minutes, I will make a determination as to whether to add to my position, or not. At present the reports from those attending the shareholders meeting (I was unable to attend because my wife had an adverse reaction to new medication) give enough reason (I didn't say the word hope, because when you hope you're a dope, and I've been a dope often enough to recognize the symptoms) to hold onto the shares that I currently have. In short, I have been given reason to be optimistic (with caution) about BNGO's future. Dave