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Another Top 10 Questions and Answers CC IMO10 - Dan how do you get away with mismanaging the company that has caused shareholders to lose over 40 percent of their money in the last year? Answer - The BOD don't care what I do as long as they get there pay and stock options. They are to stupid to realize what is going on. 9- Dan it seems that you are burning money at a fast pace on trials that have very little if no chance to be approved. - Answer - I really do not know much about the science or what really less about trials, do you have a bookkeeping question I think I could have a better answer to it. 8. - Dan the stock keeps going down day after day month after month, and you really do nothing to correct this situation. Answer- It is really to my advantage and also to the other members of my team to get the stock as low as we can around this time when stock options are granted. 7. Question for the BD person. Do you still come to work every day, it seems like you have not been showing up for almost 2 years, does any one question your performance? Answer- I do come to work but not to work, just take up time. This is the best job I ever had, you do nothing, accomplish nothing and you get lots of money, bonuses, raises and options every year. It is great working for a company with a BOD made up of morons. 6. Question for Lambert - Since you have taken over Blattlers position not one drug has gotten to Phase 3 and continued to approval, do you have any explanation. Answer - I really do not know how to make the technology work, I just spend time wasting company money on useless trials, and applying for patents. Getting patents is so easy and it looks like you are doing something important. Also I am getting rich without accomplishing anything of importance. I am just another useless member of the management team. 5. Question for Charlie. - How do you intend on getting another drug approved if the trials are moving slow and they keep getting stopped in Phase 2 or 3 time after time. Answer - that is a great question I really do not have an answer, but all I can say it does not make any difference to me, I still get a huge salary, bonuses, and options every year no matter what happens. Also, it seems like this way of doing business will never stop. I will remain with the company until I get enough money to retire or leave which ever comes first. All the others in management feel the same way as I do. 4. Question for Dan. - You call yourself the CEO but since you took over you have not done one thing to enhance shareholder value that was no already in the pipeline. Could you tell your shareholders when do you think you will do something that will enhance company value? Answer - OH is that what the CEO is suppose to do enhance value for all the shareholders and not just himself and his team. 3. Question for Dan - Your burn rate keeps increasing, trials keep being stopped, there no no new deals for years, no milestones, how do you intend on keeping IMGN in business? Answer- just keep doing secondaries. 2 Question for CFO - Besides just paying bills, what else are you doing to enhance shareholder value. Answer - not much, there are no deals, Roche sends us the money automatically on a quarterly basis, so I really have very little to do like all the other members of my team. Best job I ever had, and the least amount of work I have ever done to earn so much money. 1. Question for Dan - Okay the year is over and nothing has been accomplished, so what is on the horizon for next year. Answer- Not much, may be more trials will be cancelled, management will have another great year, even though the shareholders may lose a fortune, but this is the way IMGN works. That you BOD for all your support. |
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