News: HCT Holista Colltech Seeks Trading Halt, page-12

And these gutless puppets are what we have left to run the company now…

129 There is no evidence of any disciplinary processes or internal enforcement procedures. It is remarkable that Dr Marnickavasagar remained on the Board at the date of trial, despite his admission of serious contraventions. It is also astonishing that no disciplinary action was takenagainst him by Holista. The explanation given, namely that it was difficult to find a replacementCEO, particularly while the proceedings remain on foot, is not a credible reason for retaining Dr Marnickavasagar as CEO, in the face of the conduct to which he has admitted. The evidence disclosed that no attempt had been made to find a replacement until 22 September 2023.