Ann: Application for quotation of securities - CHM, page-12

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KrushingIt

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10/12/24

19:05

Post #: 76987843
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Originally posted by amb005: ↑

Ah, so the new CEO's 'modest' $350k salary is meant to be the silver lining ? Meanwhile, Dr. Jason and co. are still raking in $700k+—how many years has this gravy train been running while shareholders bleed out? Classic ASX story, right? Heard whispers about convertible notes in play too? If that's true, no surprises here—convertible notes are basically the Grim Reaper of corporate financing. Convertible notes issued under market price, then dumped on market, diluting the company into oblvion, before a consolidation and name change and more capital raises so they can keep paying themselves these eye watering salaries for another few years, treating the public like an ATM, whilst they achieve sweet f all. Seen it a hundred times before.

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I don’t think anyone can say the current cash burn rate is high given we have four clinical trials on foot. Acknowledge that two of these trials are investigator funded. But seriously, we are spending a pittance, on world leading tech with massive upside on half recent results.

CHM Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Ann: Application for quotation of securities - CHM, page-12

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Ann: Application for quotation of securities - CHM, page-12

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