Alizyme Share Discussion Threads

[gambill] 25/6/2009 16:34

Do we have to wait till the AGM,is'nt Tim there to answer questions from shareholders or from any Financial Authority,do they know about our plight,or England has stooped so low in everything that nobody gives a f...
Does Tim read this or what is written here,if he does well he should start investing in the cardiology section as i think thats where some of us will finish up soon.
And Mr T M if you read this try to hand a lifeline pleaseeeeeeeeeeee,being rich does'nt mean that you can buy death.

[dunderheed] 25/6/2009 15:15

Think that could be a good question for agm?!

[fozdad] 25/6/2009 15:07

With virtually no staff, no income to manage, virtually no R & D, no in house trials and clearly no progress on new deals for Ceti RoW, what exactly does the Tim do all day?

[wig4] 24/6/2009 16:38

Point 8: In the interests of openness and restoring investor faith, challenge the Board to publish the past and future resignation letters of all Directors.

New Point 9: What liabilities do shareholders face for future Director resignations? Challenge McCarthy to publically waive any future right

[wig4] 24/6/2009 16:28

Expand point 5, shareholders have been waiting almost 5 years for the main ROW commercial deal for Ceti (it cost Palmer his job).

Exactly what have been the issues (except none of this credit crunch nonsense).
If there are so few obesity drugs then why the lack of a deal?


Challenge him to set a completion deadline at the meeting, ask him to write it down and give to Goodman and a solicitor for safe keeping (he can't publically say what the deadline is because that would play into the hands of the Ceti negotiations) and challenge him to resign without compensation if he fails to complete.

[dunderheed] 24/6/2009 13:32

To tell you the truth think they can probably limp along on their current cash - if they sack the Tim (and pals club).
Then if Jap Ceti comes off we can think aboout ATL104 etc etc.

So unless the Tim comes up with strict deadlines he can adhere to he is out - although to tell you the truth I'd heard he was anyway - if he didn't deliver prior to agm?
Perhaps there is curently a power struggle of sorts going on at azm hence the sacking or walk away yesterday.

I know who I'd have preferred to have had running azm?!

[the_doctor] 24/6/2009 13:17

nathan hasnt actually thought about that aspect!

Dunderheed - 24 Jun'09 - 13:16 - 23707 of 23707
What for?
Why do you need £25 million

[nathan2] 24/6/2009 13:07

This company has gone from hero to zero. This company needs a rights issue to survive. Maybe 2.5p a share to raise £25 million.

[mole16] 24/6/2009 12:25

Rats leaving a sinking ship, maybe some new non execs are needed to give Tim a run for his money.

But see some little rises before then, people who have a terminal illness often have a great day before they finally die.

Hopefully AZM still has a some value left in its drugs.

[troutfish] 24/6/2009 12:18

Working on questions for the AGM.

[troutfish] 24/6/2009 12:14

I have revised the list of questions for the AGM in the light of yesterdays disgraceful announcement:


1 Explain the "contractual entitlement" David Campbell was alleged to have had to £256k if he voluntarily "resigned".

2 Explain why Tim McCarthy was given a 16.6% increase in his basic salary and pension for 2008, which just seems to have been to compensate for the loss of his annual bonus, still resulting in a gross overall pay rise for 2008 (£472k) compared to 2007 (£463k).

3 Explain why Tim McCarthy has not voluntary cut his own remuneration more than the 30% announced in April 2009 (so it now looks about £346k pa) and presumably thinks he deserves more than the CEO of the UK NHS (£220k) which is the worlds fourth largest employer, with a budget of billions, and is entrusted with the lives and health of millions of people.

How can he possibly be worth this much particularly when the company have never made a profit, emply only 9 staff, have a dwindling pipeline, he has failed to deliver on his own promise of a r-o-w deal for Cetilistat by the 2009 AGM, and there are warnings about going concern matters in the accounts.

4 Explain how William Edge continued in post as a Non Executive Director and received £45k renumeration until he retired in April 2009, when his legal position as a Non Exec Director seems to have officially lapsed at the 2008 AGM when he failed to stand for re-election, a fact which the Chairman Brian Richards acknowledged at the time.

5 Expalin why there has not been a r-o-w deal for Cetilistat when Tim McCarthy guaranteed one at the 2008 AGM by this time next year ie AGM 2009 in July.

6 Explain why there has not been a deal for ATL104 - not even for Japan - particularly as the company need the cash and it could have been progressed through Phase 2 and into Phase 3 by now.

Is this actually because they cannot do a deal for ATL104?

Do they have any potential partners in place with terms agreed, with whom they could do a deal for ATL104 if it was needed quickly to keep the company a going concern?

7 Can they remain as a "going concern" and quoted on the full list of the LSE, based solely on existing cash in the bank and interest payments thereon (excluding any further potential milestons from Colal-pred or ATL104) until the Phase 3 results for Cetilistat Japan are published in H2 2010.

8 Explain precisely why Mr de Souza resigned as a Non Executive Director in June 2009, less than three months after his appointment.

[dunderheed] 24/6/2009 11:20

My gut feeling is that he was not happy with how the 'situation' would be presented to share-holders at next agm - this is purely my opinion and not something that we are likely to glean from ringing the Tim anyway?!
I personally think he resigned in anger - judging by the summary in rns!!
Shame because he looked a very experienced individual whose appointment I construed positively.

silver - cheers mate!

[the_doctor] 24/6/2009 10:53

The resignation certainly doesnt help matters
& it doesnt say he resigned due to other committments.

My gut feeling would be that he resigned because the company's prospects are miserable. Sorry.

[alphorn] 24/6/2009 10:20

What was the guy's speciality; that might give a clue.

[silverbackalpha] 24/6/2009 10:16

Nice chap:

Silent Cartographer - 23 Jun'09 - 22:04 - 23697 of 23699


Obsessed !

What a boring oaf you are dunderhead. A real sad case.

[fidra] 24/6/2009 09:12

Perhaps they checked his birth certificate and found he was over 70.

[dunderheed] 24/6/2009 07:09

For me think this has a lot of alarm bells ringing.

Who knows what has caused this - so close to agm?

There are so many possible reasons for this resignation/sacking - but I'm sure at the end of the day for whatever reason - it is not good for azm?

SC I assume you will see this as a trading opportunity and probably make mega bucks on your £1000 bet!! SC - true star trader EDIT and I forgot to mention extremely high intellect to match the trading skills!!

[silent cartographer] 23/6/2009 22:04

Obsessed !

What a boring oaf you are dunderhead. A real sad case.

[dunderheed] 23/6/2009 18:43

How can anyone say that?
He is just doing what any other chief exec would do.
He is not paid out of line with industry.
I've been saying this for years and having cosy chats with the Tim as well and commenting about the tone of his voice etc.








Right I'm off to sneakily sell my shares now and tell everyone later!!

Son of VOW.

[troutfish] 23/6/2009 18:22

So it was announced today that Mr Richard de Souza resigned as a Non-Executive Director on 22 June 2009 which is less than three months after he was appointed.

Resignation suggests he went of his own accord possibly because there was something he discovered after appointment which he found professionally unacceptable.

Was it the Chief Exec's salary?
Was it inside info on the lack of a r-o-w deal for Cetilistat or ATL104 and perhaps a discovery they may never get deals?

It looks dammingly bad for Alizyme and Tim McC imo. Taken with the questions I mentioned earlier today, something appears to be seriously wrong here imo.

Surely now everyone will vote against the Remuneration Report and re-election of Tim McCarthy if even a new Non-Exec director is prepared to stay less than three months.

[troutfish] 23/6/2009 18:21

So it was announced today that Mr Richard de Souza resigned as a Non-Executive Director on 22 June 2009 which is less than three months after he was appointed.

It looks bad for Alizyme and Tim McC imo. Taken with the questions mentioned in the above post, something appears to be wrong here imo.

Surely now everyone will vote against the Remuneration Report and re-election of Tim McCarthy.

[dunderheed] 23/6/2009 17:41

Yep he was certainly a good guy to have on board if of course azm had any use for his very good experience?
Wonder why he went - looks like he was sacked?
Maybe asking too many times what the Tim actually does?