I believe yesterdays disaster leaves Derek's position untenable. HIs credibility is shot.
It seemed like he was told not to talk about anything which was "commercial in confidence" or in negotiation stage. All he then had left to discuss was all the mistakes ! (of which there have been many)
Collaborator 2 - 1 sentence " advanced stages , going well , looking to expand collaboration"
Collaborator 8 - 1 sentence "just received back data from their internal testing , very encouraging"
6 Organisations trialing AnteoX - not mentioned
3 Patents lodged - not mentioned.
It seemed like he didnt wan't to talk up anything ', given his "immminent" timeframe last time maybe he is so afraid of being held accountable he refused to offer up any information which may result in questions being asked later or alternatively offered up worst case timeframes.
As I have stated we have the Worst Jockey on the Best Horse
Get a high quality individual to jump into the saddle and we can turn things around very quickly.
And with a management shake up and a clean slate we can move forward with more confidence that our technology can be successfully commercialised.
ADO Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
