"The announcement of the departure of the CEO was not done well. However it was very clear that a new CEO would be required to enable a US listing. The previous CEO unfortunately, IMO, did not have the US connections to make an impact with the institutions."
I disagree here.
A US listing does not require 'connections'. And if it does, I would prefer that the company does not engage in listing in such a market. I wish to invest in transparent companies/societies without a background show.
The market cap reached at the Australian market was already substantial enough to finance further stages without much dilution.
ABR Price at posting:
$1.46 Sentiment: Hold Disclosure: Not Held
