This is quite a painful week for LBT. I suppose this is what happens when we have a complacent board in it for the lifestyle, that don't (and fully avoid) have skin in the game by purchasing shares on market with their own money. Not sure why shareholders still are voting yes to keep BB and the rest of the board on, and are happy for them to get performances bonuses where the SP has steadily decreased since 2019.
seems someone really has lost patience and sold out. I mean, how can a board let this happen to a company like LBT where they have a machine that works well, a global distributor like Thermo actively selling the machine in the US and EU, a new version of the same machine which is more affordable - and we broke down making new lows. Baffling
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-21
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