Any new management will know that more money is needed. If they don't realise that then you really don't want them.
Any new management is going to be given incentive to turn the ship around and stick it out. Share options will be offered.
New management can't/won't fix the financial position and won't move the trials along.
For years, posters on CYP have been crowing about how much they have 'saved' by having trials paid for by others. This is the downside of that 'superior position'.......waiting and not being able to move quickly.
At $24 million mkt cap CYP is a stupidly cheap stock.....by any measure, page-8
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Last
24.0¢ |
Change
-0.010(4.00%) |
Mkt cap ! $43.36M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.0¢ | $23.56K | 97.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18606 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| CYP (ASX) Chart |