I would not class him as a ‘dill’ at all, more on the level of a very slick salesman, has not just ‘sold’ the story to RIs but also to sophisticated investors, most notably on the last two CRs.
Not sure of what to think of this CEO, on the one hand you do have his ability to continually raise funds, though negated thru that they continue to be done at lesser levels, this for the, literally, Worlds best IP. All this despite the progression of the IP.
What is most disappointing is his utter lack of credibility, and the inability of the Co to gain any traction at all in terms of financial governance, way too much focus on ‘look at the prize’ awaiting successful commercialisation’, the golden carrot, without the transparency of what it will entail to reach that, and of course we will never be fully privy too.
Exactly the same as the Vaccine story, Phase11b, if I remember correctly, was a pretty good story too, (under the stewardship of Mr Fraser) which actually attracted a party initially, one up on current times that this IP HAS not.
Be a master class of salesmanship to see this IPO listing at a level above the current sp, (great achievement), if not, and raised at this sp and converted to US dollars that would be a poor result. That will be a massive overhang of ‘cheap’ shares, 70% plus dilution, that will inhibit sp attrition for a very long time to come. Especially considering the time frame before actual commercialisation.
Like I said above, been way too disappointing on where this is currently at, all the more so because WP is responsible for having raised expectancies way above what they should be.
Imho, not advice.
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I would not class him as a ‘dill’ at all, more on the level of a...
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