I suppose the one who is most affected by the drop in the share price is Dr Rajen considering he has the following shares
Direct
27,221,027 Ordinary Fully Paid Shares
1,800,000 Class C Performance Rights
900,000 Class D Performance Rights
Indirect
58,514,245 Held by Galen Biomedical Inc. (director controlled entity)
So today the value of his shares have drastically reduced by approximately ($4.5m)
Im sure he is feeling extremely unhappy.
Hopefully the company will put out some POSITIVE news over the ensuing weeks.
Ann: Update on Sales and Distribution Agreements for Natshield, page-75
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