Motors nome of this would have come about if this present board had allingned themselves with shareholders
This is not about trial failure
This is about a boards total disregard for its shareholders and the way the company has been handled overall
James Garner has been at the helm for one full term agm to agm
And there was a vote against the remuneration
After 1 term you should not have to ask yourself why
They knew at the agm there was discontent and they dropped those resolutions
They talked of change at the agm
Well wasnt that agm a time to show willing and bend a little but no
They went ahead with the issue of the 6 mil oppis to themselves basically showing complete arrogance and basically flipping the bird to sll SH
Then came the trial results and what has transpired has transpired through opportunity
They are in this mess not because of the trials failure but because of the way they went about things prior to the failure
Ho do you think they are going to go with a new indication as far as we as shareholders are concerned
They had a drug that if succesful could have seen us turn into a multi bil$ co
Yet pre results we were dead in the water illiquid
If they couldnt do anything to raise shareholder value from that perspective
What do you think you are gonna get from them with a new indication
Nothing but the same old same old dilution, consolidation from 1.4c to 14c then have them tell us how well they are doing at the next agm followed by a CR at a grossly discounted rate
Been there done that and it aint pretty
No i dont want the old guard in but on the same footing i dont see a bright future with these people either
Perhaps PVL are just after the cash i have no idea but i will take onboard in light of the minor research i have done on them
What they have to say
At least their chart is showing growth for their existing shareholders
Will we benefit from that experience if they take us out or will we just be robbed blind that is the question and as you say motors if this present team cannot come up with a Mil $ investment to save their company and jobs
Then in IMHO should they really be there because if they cannot do it for themselves and the company then what chance do we stand
I have no idea just trying to work through this myself
PER Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
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