Robbie boy, how does it feel like to have your ass kicked out of here. Did you make sure that the door did not slam your butt on the way out?
Let us look at your performance over the about 3 years you had to screw this company, and a major screw up you did.
Yesterday Cogentix shares, which have not performed well under your leadership, closed at $0.85.
Robbie boy, on April 5, 2013, when you took over the leadership of this company, Uroplasty stock closed at $3.2342 (on Cogentix equivalent by adjusting for the share exchange ratio in the merger and reverse stock split),versus a closing price of $0.85 yesterday, May 24, 2016, for a decline of 74 percent.
Uroplasty's stock price hit a high of $6.23 (on Cogentix equivalent) on February 10, 2014. From that point to May 24, 2016 the decline is a whopping 86 percent.
The merger between Uroplasty and Vision Sciences was announced on December 19, 2014. On that date Uroplasty stock closed at $3.2204 (on Cogentix equivalent). The shareholder sentiment immediately turned negative after the announcement of the merger. From the announced merger date to May 24, 2016, the stock price has declined 74 percent.
Investors were not pleased with the Company's first quarter results. On May 5, 2016 you announced your first quarter results after market close. On that day the stock closed at $1.05. From the first quarter results announcement date to May 24, 2016, the stock price has declined 19 percent.
That is a lot of free passes you got, and you should have known that it would come to an end.
Can you see why you got fired. I am surprised your butt was not kicked out a long time ago, but then you had stacked the Board with your cronies until Pell came along. That job security you thought you had vanished very quickly as soon as Pell sniffed the shit you had been spreading around. And, of course, you got a tad bit too greedy, which put the final nail in the coffin.
Many of us here were downright elated when we heard the news today. We have waited for this day for too long a time, but better late than never.
This now is the second time you got fired from your job, right? Do you suppose you have now accumulated sufficient demerit points to be permanently denied an offer for another CEO position?
