Well for what it’s worth, I think it’s fantastic that there has been a management shake out and restructure. The ex board members and CEO owned next to no shares of the company and it appeared they couldn’t care less about the share price by that recent capital raise and high burn rate.
Appian being major shareholders, are just like us punters... they want to see value in the share price, limited dilution and none of these ridiculous undervalued capital raises.
Full credit to Appian for pulling the trigger and taking out the executive team. Appian are on our side, I bet we will see some good news flow and share price appreciation under their management. Appian are smart operators, it’s not their first rodeo, they know how to run a company and build a share price.
Ann: Corporate Update, page-27
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