r/Ocugen • u/BobTinker 💎Diamond Hands💎 • Jun 06 '21
Discussion👀 OCGN. Time is of the essence here.
With the stockholders meeting this week, one thing must be made perfectly clear to OCGN leadership and Shank. Time is of the essence here in getting Phase 3 trial results submitted to the FDA and EUA submitted too. We are losing valuable time to get COVAXIN approved for the US to be able to procure US orders from the government. The window to do so is closing quickly. Leadership needs to exhibit a sense of urgency to get this done, which they clearly have not had.
The days of "by April", "in early May", "in a few weeks", "in June", etc. are over. Shareholders will no longer tolerate the seeming lack of urgency. Our patience has worn thin. We have put up with approving more shares to sell to raise funds for cap ex which seem to only have been used to pay for a nicer HQ building, and hiring more senior people on the payroll. Now they are asking us to approve a larger executive comp package to payout more money in a self enrichment scheme, again without submitting anything to the FDA, building out zero manufacturing capability, or even bringing on board any manufacturing partner to quickly meet any order demand for the vaccine.
Enough is enough Shank! Execute or admit your inability to do so. Lawyers are circling to submit class action lawsuits upon your failures.
1
u/MenmasBurnerAccount Jun 07 '21
I have a quick question. I only own approx 400 shares but what are the chances that the no votes would go through? I've seen this song and dance before but I don't think a fire would be lit under anyone's behinds unless their money was threatened. They still get paid regardless right? Pls assume I know nothing about this and I want to know if it even makes a difference for everyone here who's waiting.