Ann: Initial Director's Interest Notice - Ms Janelle Delaney, page-12

You don’t have to look far to be told Mike Bassett (ex-Regal healthcare analyst and ex-COO of IPD) has been the instigator of the spill, and convinced his mates at Paradice and Aussie Ethical that the board was hopeless and were going down the wrong path with the commercial roll-out. In his time as head of IR for IPD he would have also established relationships with many of the HNW shareholders who supported the spill.

What’s done is done and no point whining about the spill if you weren’t in favour of it, but I personally wouldn’t want the pressure that is now on Mike and the new Directors to not muck it up! The share price had great momentum, and commercially IPD seemed to really be kicking goals since NCCN inclusion.

To justify their actions they need to deliver a better outcome than the already high expectations that shareholders had based on the pre-spill momentum in the business.

@Twodogs you have often said this is a multi-billion dollar company in waiting. IMO anything less than $1bn mkt cap in the next 18mths is a HUGE FAIL for Mike and the hatchet men, because that’s where we were heading before this all kicked off!

The weak share price is to be expected - if you were one of the new Instos who joined the register at the last raise Mike’s little hissy fit has made holding this one all a bit hard and they are heading back to the sidelines until the picture is clearer.