FroNOBaggins
Oct 2, 4:32 PM
$CELZ shareholders have funded this company for years. What have the different stakeholders received?
• Shareholders: stock down ~99.99% since 2019, repeated dilution.
• Warbington: ~
$2.89M in disclosed compensation from 2019–2025.
• Other executives/directors: ~
$4.53M more.
• Board/management authorized another 75 MILLION shares.
• Warbington-controlled CAC. CELZ paid
$200K + 1M CELZ shares to increase its BioDefense ownership from 60% to 80%. Yet BioDefense was described as using Creative Medical’s patented cell platform. The filing does not explain how CAC obtained its original 40% or what it contributed.
And shareholders? We absorb the losses, dilution and financing risk. As a former bull and substantial shareholder I cannot even get a response to my questions. The IR email bounces, and follow-ups to management/board members have gone unanswered.
Before shareholders fund more: Why did CAC own 40% of BioDefense, and what did CELZ shareholders receive in return?
Where is the alignment?
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