Surely the heat must be on to sell Lyramid for at least the losses.
The sale or partnership is a clear timeline event where ones performance is measured.
Not going to look good on the CV if it says I managed and invested shareholders funds of $47M and returned them $5M.
An exit strategy to stop losses? Or is this to crystalise the value in developed IP?
Surely but surely if this isn't a sale in desperation? Surely you would be putting that spin on the announcement.
"Cellmid have developed a sgnificant Midkine intellectual property portfolio with promising developments in several discilines. The Board and I have now decided to crystalise our assets and reward our long standing supportive shareholders"........
CDY Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
