jasverstoppen schreef:
But why would Genzyme step in? They didn't step up the last time Geoffrey Cox ran a company into the ground. See aronex. But they do owe him a favor. Cox or the BOD or whomever had the checkbook, at the time, bought shares back from Genzyme at $3/ share. Think about it. They purchased shares at 3 and then issued shares at, well pick any of several numbers, far below $3(heck, pick some numbers under $1).
Are they stupid or are they crooks? This is not a rhetorical question.
look at this:
When Geoffrey Cox was CEO of Aronex Pharmaceuticals the company basically ran out of money and was sold for peanuts. At the time Cox said, "Are we disappointed that we cannot recognize more value? Clearly for all of us who have put a lot of effort and time into trying to develop these products and to bring value to our investors, we're obviously disappointed that the scenario is not all that we could have wished for."