If the wind blows it's a positive detail for you Rod. Do you have any idea how many years this study has been going on with still nothing to report but the trial is now finally half way enrolled. Hallelujah 6 + years and trial is enrolling and Cytori continues to save on expenses. Jesus Rod, Merry fuckin Christmas.
Since we're in the holiday spirit, is it possible that we all could go in on a joint Christmas card to send to the clowns on Callan Road?!?! I could have my kids do something like this representing where some of their college funding went - directly into Marc Hedricks' family fund!
The following user(s) said Thank You: rothco619, fatboy
News Release On Incontinence Trial
14 Dec 2016 14:35 #8225
Yes, Hedrick is most certainly lining his pockets and his family fund with every dime he can currently accumulate while he's somehow managing to maintain a $600k a year salary and a CEO seat. Is it that nobody qualified has interest or enthusiasm to take his place? Is it that he's developed too long a history with the Board to be replaced and repositioned? Why is the fiduciary duty to find a qualified CEO for shareholders being forsaken? Whatever the case, I'm going on a limb to say he possesses the self-awareness to know he will never, ever see a CEO seat again (not likely to even see a senior level executive position on a promising team), nor a salary of 600k a year, after his tenure at Cytori. So, yes, he his reaping and likely saving all he can, taking from the pockets of shareholders and investors to whom he owes a fiduciary duty to find a qualified replacement. In a better world, selfishness such as that would pay a price. Merry Christmas, Hedrick The Clown, I hope your tummy is still warm and fuzzy.
No offense Rod but the "can't get any worse" has been going on since I got back into this four years ago.
Participating in the SH offering was a big mistake and anyone who sit it out can soon double their shares for the same money put into the offering and we're not even talking six months since the offering. Oh well, at the rate it's going, share price will soon equal the warrant price and maybe we can do a one for one swap.
B767, I meant it can't get any worse from this point on, not from 6 months or 4 years ago. Many of us are in this stock at well over $2-3 per share pre-split and now we are looking at .10 per share - we s/b averaging down in terms of cost basis - how much worse can it get - .05?? - who cares, if eventually CYTX is successful which I think it will be - it's just a natter of time imo!
That UTI press release wasn't even news yet Maxim issued a report on it. I'm wondering, with all the press releases about nothing, if they are close to an offering. I recall a bunch of press releases leading to the last offering that were also ineffective. They are in a tight spot so they are doing everything they can, I guess.
It really doesn't matter what any of us think, the market says CYTX is worth very little at this stage.
They need another loan payment readjustment
They need a lot more cash
If its another Sabby deal what do you bet its 10 million shares at $1.25 or less with another 10 million in warrants ! OK, I know I am dreaming Sabby would be generous at $1.25. Whatever the price, it will be a 1:1 deal again unlike the crap 1:0.5, stock : warrant deal Hedrick gave shareholders last time. That rights offering deal was a total suckers bet.
As far as WST's Maxim mention. We should strongly consider there last earnings timeline and realize the many millions Cytori is still short. They have sweetened the scleroderma pot to include all hand dysfunctions and they still may not come away with a deal. Which BTW has no chance of happening before very, very late 2017 or I believe more likely 2018. If ever !
Hedgefund, if there is no partnership by Q-1 (and I think that there will be one despite the SP languishing right now), my guess is that there will be a private placement in Q-2 rather than a public offering. JMHO.