ALA 0.00% 13.5¢ arovella therapeutics limited

Ann: Results of Annual General Meeting, page-26

  1. 445 Posts.
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    Shout out to all the shareholders that voted down the executive options package and staff incentives.
    Frankly, this is a great example of shooting yourself in the foot.
    I have absolutely no problem with the new management team being appropriately incentivised.
    For some reason stale aggrieved shareholders, who have clearly lost money and patience over the years under the previous executive regime, have seen fit to take out their frustration on the newly assembled management team who are attempting to right the ship and create value in the future. How dumb is that?
    What the stale aggrieved shareholders should have done is sold their shares long ago and moved on, and taken their loss, their whinging and their counter-productive actions with them.
    SUD were completely stiffed this year by the ASX in being prevented from acquiring a fresh exciting asset, which is due the hit the boards as an IPO shortly.
    If this deal had gone through, it would have been a boon for shareholders, and those same disgruntled holders would have been lauding the new executive team as their saviours.
    So now Hopper, Baker & co continue to sift for assets, and undoubtably will find some.
    When they do, it'll be poetic justice if the No voters have departed the register and miss out on the value creation.
 
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