We, old investors, have to accept the fact that our money is lost. I had invested some A$ 150k many years ago hoping that one day, like most biotech companies, the SP will increase exponentially. My shares are currently worth $10k. I expect the value to go down to zero soon. Madam CEO's performance is 100 percent failure. Every single project she has initiated has turned into failure and cash burner. Yet the board and substantial shareholders have allowed her to continue as a CEO with substantial salary and other perks. I don't understand why. I have not seen a single initiative that has been taken to reduce high salary and administrative costs. I don't understand why is she allowed to do so? Is there something we shareholders do not know that prevents the board from removing her?
AN1 Price at posting:
5.0¢ Sentiment: None Disclosure: Held
(20min delay)