and when I read the prospectus I see they get to the front of the line BEFORE the Lt share holder in the event of liquidation etc. and get 8% to wait
This was not the plan from the past this is a scramble to survive. Like Hyman Roth said in the "Godfather II" "this is the business we choose" and I accept being aparty to it, But I, as do you, not have to like it one damn bit!!
We do need a strategic partner and Orbimed in the board room for a very long time if we continue as a business. IMO of course.
Effective management does not find itself in the position to work for free or at a 50% reduction. I appreciate them doing so...but come on...something has gone very wrong in the last 12 months. I was at the last AGM and had conversations...and we are nowhere near the mark. I was going to go to the meeting this year but decided not to put forth one more penny in effort of the company. Bulls make money - bears make money- Pigs get slaughtered.
Just riding it out waiting for 0 or a short squeeze after the sale.
UNS Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held