SAN DIEGO--(BUSINESS WIRE)--“Concerned Shareholders and Nominees of Senomyx” (“CSNS”) today issued the following open letter to fellow shareholders of Senomyx, Inc.:
In 2004 Senomyx had its initial public offering (IPO) at $6 a share. Under the leadership of the incumbent board the stock has fallen more than 80 percent since that time. Seven dissident board nominees, each with experience successfully turning around publicly traded companies, are running for election to the Board. Together, these “dissidents” have a commitment to reversing the massive losses created by the incumbent board.
The large funds that own SNMX stock have used their industry networks to conduct due diligence on the seven dissident nominees. These large funds have spoken, in particular with shareholders who made money when the dissident nominees turned around multiple publicly traded companies in the past.
In the past, dissident nominees were elected to boards of companies with a long history of losses. They successfully implemented a "pay for performance" operating culture that led to dramatic performance improvement and a much higher stock price.
Now that the large funds have had the opportunity to conduct this due diligence, it is time for SNMX's individual shareholders to have that same opportunity.
As such, the seven nominees have opened up their calendars to take phone calls and in-person meetings with individuals who own stock in SNMX. Individual investors are invited to go straight to the source and ask the toughest questions about how an experienced " Turnaround" board member improves the profitability of companies and dramatically raises the stock price.
We ask that all individual shareholders immediately contact our proxy solicitor, John Glenn Grau of InvestorCom, Inc. at firstname.lastname@example.org or (203)972-9300.
We also invite all individual shareholders to immediately contact one of the seven dissident nominees, Ben Large, via his cell phone at (310)382-7311.
In addition to speaking to our seven nominees, Shareholders are encouraged to review the presentation on the experience of the dissident nominees, available at the following web link: http://www.iComMaterials.com/snmx.
SECURITY HOLDERS SHOULD READ THE PROXY STATEMENT AND ADDITIONAL MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION. INVESTORS CAN GET A PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS, FOR FREE AT THE SEC’S WEBSITE (WWW.SEC.GOV).
A DEFINITIVE PROXY STATEMENT AND OTHER MATERIALS HAVE BEEN SENT AND PROVIDED TO SECURITY HOLDERS BEFORE OR AT THE SAME TIME AS ANY SUCH PROXY, CONSENT, OR AUTHORIZATION IS FURNISHED TO OR REQUESTED FROM SECURITY HOLDERS.
All inquiries related to “Concerned Shareholders and Nominees of Senomyx” and the Alternative Board Slate should be directed to John Glenn Grau, President of InvestorCom, who has extensive experience soliciting proxies in other competitive elections.