Saturday, January 08, 2005

 

Outsider

Let's start from the beginning. First, Hilly boy moves to Washington County about 6-8 months before the election. He came here from Sullivan County. While continuing to work for his father, whom he has worked for his entire professional life he opened a coffee shop in Jonesborough. Having been by numerous times and noticing that there are hardly any customers this has to be a front for gaining credibility. Most would not be surprised if the business is losing money and being covered by Hilly boy's dad or special friends.

Those special friends include the Gregory family of King pharmaceutical fame. Over 90% of Hilly boy's contributions came from them, and over 95% of his contributions came from the Kingsport/Sullivan County area. It is interesting that in the election Hilly boy was late filing his contribution info, perhaps because he knew how bad it looked. And though the Gregory family has cashed out of King, it is not like that company was a shining light of integrity in 2004. I also have to wonder just how hard Hilly boy will fight for lower drug costs for the lower income citizens of Washington County. My bet is he won't fight one iota for us. He can't bite the hand that feeds him can he?

Comments:
Nice blog. I'm not a big fan of him myself. And I am a Republican!
 
Here are you some useful links:

King Benevolent Fund.http://www.kingbf.org/boardofdirectors.htm
a charity established by the Gregory family.

*****

Investments http://www.sjsi.net/Investments.html

The success of SJ Strategic Investments LLC is exemplified by our
recent investments. These investments include private placements
in Novavax, Inc and Cellegy Pharmaceuticals, Inc. (both specialty
pharmaceutical companies traded on NASDAQ) and the formation of
SJ Travel LLC. SJ Strategic Investments' wholly-owned subsidiary,
SJ Pharmaceuticals, Inc., recently acquired the rights to two
products new to the United States, Neovisc and Uracyst. Both
products are pending FDA-approval.

Companies that SJ Strategic Investments are currently investing:

* Cellegy Pharmaceuticals, Inc.  (CLGY)
* Novavax, Inc. (NVAX)
* Stellar International, Inc.  (SLRXF)Our Focus http://www.sjsi.net/focus.html

SJ Strategic Investments maintains a broad portfolio of
securities and real estate while seeking investment opportunities
with domestic companies who share our strategic vision. Operating
efficiently and skillfully for optimal performance, we achieve a
balance of long-term appreciation and short-term cash flow
through diversified investments on a national scale and rigorous
portfolio management. Long-term investments involve a focused
strategy within three core business segments:

Pharmaceuticals
We seek pharmaceutical companies that offer
cutting-edge technologies and that have recently filed a New Drug
Application (NDA) with the Food and Drug Administration. When
investing in public pharmaceutical companies, we seek to conduct
private placements that will give us a considerable ownership
stake in the company (10 to 20 percent).

Media We look to invest in television, radio, and newspapers
located in small and medium markets.

Real Estate [...]

Our Strategy http://www.sjsi.net/strategy.html

At SJ Strategic Investments, entrepreneurship means balancing an unrelenting commitment to excellence with inspiration, curiosity, energy, and a sense of fun. This entrepreneurial perspective makes us uniquely capable in our ability to identify new and exciting opportunities for growth. We recognize talent, expertise, and potential and provide the resources others need to reach their objectives. Directly investing our own assets allows us to remain agile and efficient, pursuing opportunity as quickly as it arises. Our investment strategy involves a three-phase process:

Explore
The pioneering visionary of SJ Strategic Investments, Managing Partner John M. Gregory, seeks out companies offering industry-leading technologies and solutions that will yield long-term success. After conducting initial research into a company's financial statements, John brings the potential investment opportunity to the operating officers. If the officers believe the investment opportunity is in line with the goals of SJ Strategic Investments, they perform a more in-depth evaluation.

Evaluate [...]

Invest
A source of stability and strength, SJ Strategic Investments achieves its goals by helping others achieve theirs, encouraging independence and individualism while promoting the growth and development of the values in which we believe. With corporate objectives strategically aligned with those of our investment instruments, the operating officers fully commit themselves and the company resources to realizing a profitable future.
 
The above comment makes it seem like SJ Investments could very easily engage in insider trading. Nahhh, that could never happen.
 
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