If for the moment we put to one side the issue of share sales, the major issue really for all investors is ‘what is the pathway’ into the future to get the product approved.
Has the ‘boarding party’ explained how they will do things different?
Is this a just a grab for control?
How much cash have they actually subscribed for shares in the past?
Will they fully support future capital requirement by subscribing for at least a minimum amount on exactly the same terms as ALL other shareholders or will they treat it like a ‘lifestyle’ company?
Maybe it is ‘better the devil you know than the devil you don’t know.
I need to read up some more on the credentials of the ‘boarding party to give us a BETTER OUTCOME.
I was initially thinking of change but now I am no longer sure that change is desirable.
On the question of share sales and subscribing for more capital, maybe it looks like a worse decision in hindsight. All directors and managers of companies have to balance personal finances.
That is where I am at.
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