Ann: Results of Meeting, page-77

First 77 Last

Share
Profile

Follow
stocksa

7,920 Posts.

627

20/11/21

10:26

Post #: 57719897
Share

Originally posted by Oddoneout ↑

Morning All

Good discussion, albeit we are all speculating.

My concern is not so much Hoos' departure, but the nature of it, brutally executed in public. We need to think through how and why this might have happened.

Firstly, Hoos was a Board-endorsed candidate. Had Hopper as Chair not wanted him re-elected, he would hardly have engineered his demise in such a public and humiliating fashion: He would have taken him into a quiet office and informed him his services were no longer required. Hoos would have saved face ... 'My new role at Scorpion will require my full attention blah blah blah' ... and the Board would have recommended a replacement (or not). Instead, both Hoos and the Board now find themselves embarrassed.

The Board's embarrassment is two-fold. Firstly, their candidate got shot in public. Secondly, and more worryingly, the Board was obviously blindsided by shareholders with sufficient clout to muster a billion votes but insufficient reason to tell Hopper the gun was loaded. That says to me there may - may - be forces marshalled against the Board.

Think about it. If you were able to deliver a knockout blow of nearly 20 per cent of the SOI, and your motives were pure - we think he has an unresolvable conflict of interest - then would you not seek an audience with Hopper to outline your concerns and point out the very large baseball bat in your back pocket? Instead, you let Hopper stand Hoos up against the wall and then shoot him in public.

In a sense we should not be surprised. Daily now we see the share price being pushed and pulled by the army of bots crawling all over it. Actors are on the stage. Imugene is now a $3 billion venture on the cusp of the ASX 200. It also has drug candidates - and one in particular in CF33 - with the potential to create a $300 billion company. The game has changed ... big time ... and I believe we have just seen a brutal example of the lengths big players will go to in order to get a bigger slice of the pie.

We can all pretend this vote against Hoos is benign and the caravan moves on. I'm not so sure. I see a good man gone in humiliating circumstances and a Board and Chairman seemingly blindsided by forces that did not take them into confidence. It's worrying.

OOO

Expand

Who replaces him will be interesting…..If you shoot one guy then you must have someone up your sleeve to replace him or is this just getting rid of him with no idea of a replacement
Interesting

IMU Price at posting: 56.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

FRB

Firebird snaffles Environmental Permit for Jinshi plant

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

SDF

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

GL1

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FBR

FBR's robotic home construction tech passes first US early-stage structural compliance check

There are more pages in this discussion • 130 more messages in this thread...

First 77 Last

Add IMU (ASX) to my watchlist

(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $394.1M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$817.0K	15.17M

Buyers (Bids)

No.	Vol.	Price($)
26	4719788	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	453183	5

View Market Depth

No.	Vol.	Price($)
26	4719788	0.053
33	5699555	0.052
41	5272705	0.051
75	5782253	0.050
13	2760364	0.049

Price($)	Vol.	No.
0.054	453183	5
0.055	2280320	12
0.056	1338592	11
0.057	1025942	7
0.058	797977	5

Last trade - 16.10pm 10/09/2024 (20 minute delay)

IMU (ASX) Chart

Ann: Results of Meeting, page-77

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FBR's robotic home construction tech passes first US early-stage structural compliance check

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results of Meeting, page-77

Top Stories

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FBR's robotic home construction tech passes first US early-stage structural compliance check

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News