Proteome Sciences. AGM Statement.

I am quite concerned that if Proteome have to go cap in hand to Fidelity for more cash there will be other ramifications. I am sure that Fidelity are unhappy with the losses they are currently suffering and might well seek the head of CJP as part of the package.
CJP knowing this. is in a very weak position with regards to potential pharmas who may be seeking deals. If financing were not a problem he could afford to be hard nosed and drive a hard bargain. He,it appears, is fighting for his PRM life and may well be inclined to strike a poor bargain and in this way preserve his job. This situation cannot be good for us long term holders. All IMHO

M