pigs in the trough

Wow Pixley and Carter have overseen the IPO sp drop from 20c down to 1.3c and diluted initial investor’s holdings to one third during their time at Colltech. They have also failed to secure one major sales contract for Ovicol C.

So Dr Fathil and Govindan have shelled out 1.8c per share with attached free option nearly four years after IPO and at least 12months after Colltech should have achieve significant sales if the board and management had been even half competent .

Giving themselves free options at such a cheap exercise price smacks of ‘pigs in the trough’ and they are probably aware what sales negotiations are progressing and likely outcomes. If they were ‘men’ they would see the SP through to 20c, and then seek some performance options.

Hardman – get off the HALAL boat, 1.3billion Chinese, 1.2 billion Indians, 2 billion Christians and another 4 billion non Muslims couldn’t give a fig about Halal.