It's true that this his baby and I couldn't give a rat's ass. He is handling and overseeing shareholder money with this public company and that is where he needs to answer and be accountable for managing this underperformer on an incessant basis. Just read the Interim Financial Statements that pretty much solidifies my opinon. Case in point:

- April 2012 had 91M shares outstanding; April 2014 138M

- This does not include the sale of 3M RGX shares at .70 for 2.1 million dollars

- Oh, did you know way buried in the finanical statment, another 1.1M of RGX shares have been sold subsequent to Jan. 31 2014? Which insiders benefited this time?

- Oh, did you know with all this bogus boardroom soap opera dramas that 2 directors may now qualify for aggregate 750,000 in terminal fees

- Yes, this was after the deal was struck with Marquest to save Peter where he made a deal to save his own ass. Of course our beloved ally, Marquest, subsequently went on to dump shares after the financing.

- The recent share purchase program was an authorized 300,000 program. Not sure if these Directors just simply used company money to make their insider purchases. They already recieve 18k in salary for pretty much nothing, but I doubt they re-invested that money into Fancamp.

These developments is where my frustration and pessimism and negativity originates from. We are around 300K in cash and who knows if another dilutive financing is on the way. Or is the plan to blow through the remaining RGX shares just to keep the fat cat happy with his baby. Weren't these suppose to be part of a dividend plan? Wasn't Magpie supposed to be spun out about 4 years ago!

From April 2012 to now, close to 50M shares have been issued, over 4 million shares of Argex sold; have we seen that value? Did it really help us advance to our core growth strategy? Oh wait, we didn't have one although anyone could see this was turning into a royalty play. We had these assest, McFaulds, Champion and could have cut deals without any substantial financings. Peter can blame Granger who actually tried to turn the company into a focused and transparent operation; he can blame LaFleur who actually created a strategic vision; but he will never take full responsibilty and step aside for the mess he has created and the promise he has underdelivered and destroyed.

Argex, Bold, Champion may save this company, but my point is that we could be sitting here today with a substantially reduced share total and a lot more respect in the marketplace who would actually invest in a company for its merits and plan of action as opposed of needing a paid research report.

Just very very frustrated and have long waited for Fancamp to turn the corner, but in my view it will always be a joke with Peter Smith in the mix and the potential will never be fully optimized.

I'm just a small time shareholder, but I want accountability and Peter to get the hell out. Hopefully he would have the ability to be objective, but he is just in it for himself and that is quite infuriating since he has stifled so much promise, namely with his ego.

That is why my exit strategy begins at .18 and maybe even lower depending on certain set of circumstances.

GLA and thanks for indulging me in my rant.

Eudai