Originally posted by jaygatsby
indeed shareholders are screwed once again when will people realise this company was never run for the shareholders it has been like that since the very first day of listing actually before that as I discovered from the wise worlds of Ralom who told us all they gave themselves "free carry" into the float - in other words they never gave a damn after that, effectively cashing in and being "allowed" to do squadly zip after that, I mean would you give a damn?, would anyone? it's like winning the lottery, it's not real skin in the game and not real money, so nobody seemed to care and never held management to account and that is why this outfit never stood a chance right from the beginning.... everyone who is given "free anything", lottery, money gifts, "free shares" from Rule 7.1 and their broker mates, inheritance - not matter
in the end they will squander it away.
This company has been one "free gift" for all concerned (except poor decent shareholders who actually put their hard earned in).....
Realising that is why it failed for me as an investor
who actually put money in has been my lightbulb moment
IMO!!!!
Hey Jay, I guess the bottom line is that mum and dad investors/ general retail investors are the cannon fodder/life blood of most start ups, a prime example being Ahz.
The loyal long term sh, supportive of the many CR s and, by and by, enduring the short rise and long decline of the sp still hopeful of a beneficial outcome, although battle harden with far less grandiose expections of sp appreciation .... $1 BBQ!!, sure most would be happy to see high 30s now.
Guess the Red flags did not go up, for most, (myself included) that the company was not being supported by Minderoo buying in and large stake holders failing to invest significantly in this company. Why?, arguably because they saw the future all too clearly, that is, there was little future in the last few years, that any investment of capital would see a minus return.
In reference to Ratty being a cause and effect .... scapegoat or somebody who was protecting their capital? If, on resume of trading the sp never ever sees 20 cents again would anybody have expected him to remain on a ‘sinking ship’?, wouldn’t he had much more to gain by remaining a significant shareholder than selling out?
Failure of TGA approvals a scapegoat excuse? Really!....is there hard data that would show a immediate quarterly increase in revenue or not?
WP ‘trusted’ Ratty, we ‘trust’ (?) WP, wonder who will come out on top!, time will reveal.
With the appearance of WP and then the ‘Saint’ and CodeRed, etc MUCH was expected, but has much really changed?, undoubtedly you would expect with the ceasing of funding for the vaccine and CodeRed implemented, further IP coming into the pipeline, rising revenue, that this investment would now be a ‘shoo in’!
Big fat NO, what the heck is the holdup to revenue EXCEEDING cash burn?, KOLs in the Medical field being too conservative for too long and mum and dad sh’s running the sp down??
Demoralising to read comments made on HC while receiving a hefty $700 grand .... really??, what a laugh, demoralising is investors losing significant money that are on fractions of that income!
This is not posted in anger or self righteousness, lol, merely my observations of the actual situation, if worst comes to worst, it will written of by the BOD as a lost cause, it couldn’t be done by anybody, minimal money lost from investing in this company, with, a hefty salary received in the interim.
Current and past investors? .... up to Life changing consequences from failure of this investment, (Yes, our big fat mistake).
Light at end of tunnel?? ..... that the sp will somehow reach 30 cents plus, ... imo, as much as this would be a ripper result for SB, (at the cost of our spilled ‘blood’
, coming it at a pissy 10 to 13 cents, it would be a bitter sweet result.
I sincerely hope that SB is ‘here’ to flip their interests after one year by creating ‘value’, if to take ‘private’ then my expections will be dramatically reduced .... work out the maths of what SB would like to see the sp at before taking ‘private’.
Our investment safe meanwhile? the irony is that we cannot even recover what we have left,!
This is not advice, but on resume of trading do not sell out as a knee jerk reaction, seriously weigh up whatever WP has come out with and judge as well as you can before ‘cutting your nose to spite your face’, remember anything hastily done will be to the benefit of SB IF no further stake holders come on board. I believe, imo, that scenario, significant SHs on board, will be to the benefit of current sh’s.
(20min delay)