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The dawn of a new SUDA, page-13

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abitlikeme

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29/06/20

08:43

Post #: 45504486
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Originally posted by livas1: ↑

Hi Buckland

A comment to some of your comments:

"giving away around 50% of the company"
We dont know the terms of the payment of shares and cash to the City of Hope. The equity and/or portion could have been based on milestones reached for the Phase 1 trial which all else equal would have been at a far greater market cap than what currently exists. I have seen this many times before.
So to say that we were giving away 50% of the company is factually incorrect.

"putting them $10m in debt"
Yes you are correct. There was to be a $10m liability on the balance sheet. But dont forget the other side of the balance sheet, ie the asset side. It has the potential to be significantly more than what the cost was proposed to be. Thats why the management team went down this path.

"they couldn't get the deal past the ASX was just the fact it wasn't in the best interests of shareholders"
It is typically up to shareholders to determine what is in their interests, not the ASX. This deal was subject to shareholder approval.
However it is clear the ASX intervened which I still find to be beyond the scope of their mandate.

"the fact that Hopper changed the TGA submission and failed to report this, tells you he cares nothing about shareholders"
I actually think that changing the submission and improving the manufacturing of the product is in best interests of shareholders.

A final comment...

I think the proposed acquisition would have led to a significant increase in the share price. This would have enabled the company to raise not only the $10m they needed to pay City of Hope, but also to fund the ongoing development work for its current product range and JV partnerships. It would have been a win-win.

As I posted yesterday I believe this is the strategy of the new management team and I am supportive of this.

It is a different strategy compared to previous management and therefore may not be for everyone.

But I think that over time you will see it be a fruitful one for your investment.

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I don't think we've seen the end of this one.

SUD Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
12 Upvote

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The dawn of a new SUDA, page-13

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Vulcan appoints investment bank and M&A veteran to board

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The dawn of a new SUDA, page-13

Top Stories

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Utah authorities sign off on Anson's lithium extraction plans at Green River

Vulcan appoints investment bank and M&A veteran to board

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News