If any of this is true then it will come out. With the major loss of value the shareholders are going to want answers about the inflated, wishful thinking growth trajectory and revenue potential… the major shareholders are going to be pissed off and it does potentially put the BOD in a bad position. If the letter is public, I would think it would hinder the low low ability of the company to raise money and move shareholders to start asking questions when projected growth doesn’t happen year over year like promised and BF burns through all their cash in the next 12 months. At the point there probably will be a lawsuit against the board. And yes stockholders can sue when any of a company’s directors or officers violate a fiduciary duty or conduct various other illegal activities like defrauding investors… I think the rosie projections are not based in reality and are made up.. which could constitute defrauding. That letter is more potential evidence…Which could pose a problem later if the BOD is sued. The one thing we all know, this letter doesn’t put BF in a good light and potentially on the SEC radar.
If I was Sun I would buy BF Inc. and once again corner the US PDT market. It’s a win win for them. They have lots of money to grow Ameluz in various markets. Get Ameluz at a bargain price and have a better product and phase out levulan.
Of course everyone at BF would be toast! That would be bad.
If I was Sun I would buy BF Inc. and once again corner the US PDT market. It’s a win win for them. They have lots of money to grow Ameluz in various markets. Get Ameluz at a bargain price and have a better product and phase out levulan.
Of course everyone at BF would be toast! That would be bad.
Reverse stock split is a sign of desperation. HL is trying to stay afloat before he sells. Apparently a deal is being negotiated because of the investigation, but a Laser company?
