Ann: Biotron Investor Webinar, page-12

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Jasper22

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26/02/25

15:28

Post #: 78037737
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Originally posted by GiddyYup: ↑

I'm sure you can come up with another one which is equally poignant Jasper but here are a few questions that come to mind from conversations here:

Given the critical nature of this CR why did the board not commit to full participation in the SPP and instead use language which amounted to a promise which equates to a minimum participation of 1c per director? Did they think this statement in the announcement would inspire shareholders?
MMs salary alone is greater than the min total funds expected to be raised so shareholders are rightly concerned that the funds raised would be sucked up by directors fees and salaries and not genuinely buy time for C14. Are the board willing to freeze their entitlements until a transaction is forthcoming so as to provide C14 the maximum opportunity to do their job? If not, why not?
Since directors have a much more in depth knowledge of the discussions with BP, feedback, sticking points, etc than other shareholders, how is the insider risk being managed with regard to the directors decisions whether to invest their own funds during the SPP?
The SPP offer docs make it clear that funding is critical to the short term survival of the company and suggests that C14 needs time to bring in the bacon yet the offer docs also suggest that instead of using any funds raised exclusively to keep the lights on some of the money will go into longer term pie the the sky research which cannot reasonably be expected to help with the primary objective of "staying alive" long enough to see a financial lifeline from BP. Why waste money on HepB research now when there is less than zero chance of that being beneficial to the company's survival in the short term? Hep B has been on the radar for many years when there was money in the bank with no tangible progress so why prioritise this now when we are broke?
Why did the company not raise at 6, 8 or 10c rather than waiting until armageddon was neigh? There was a long window to raise when it was already clear to the market that the company needed to. Blind Freddy could see that preying for options to be exercised was a long shot and very risky. Why couldn't management see this and act in a risk adverse manner?

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All great questions Giddy, hopefully we see them all addressed but I think with the current board these pointy questions will be scrolled past because they are to hard to answer. This is where a face to face meeting prevents selective questions being answered
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