I really don't know why you bother $4Your aforementioned...

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dealer64

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05/01/24

17:20

Post #: 71747669
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Originally posted by fourdollars: ↑

Happy new year @Steini (HotCopper still hasn't fixed the reply issues unfortunately)

The figures come from the three announcements made yesterday. If you look at the Proposed Issue of Securities, CHM was required to disclose the SP used for the $1.1m issue and also the value of the options.

If you offered 2.8c, but they went with Lind anyway, then shareholders are worse off. But Paul would just cite the "exiting arrangement with Lind being easier to operate then setting up a new finance arrangement" as his rationale.

But this shouldn't be the biggest concern of CHM shareholders - their biggest concern should be the ridiculous management salaries in the face of chronic under-performance. Their absolute refusal to reign in salaries in the face of bleeding so much cash and with snail's pace clinical trial progress has resulted in the need to do deals with pay-day lenders.

Clarity (CU6) - another Aussie biotech developing treatments for specific types of cancer listed shortly after CHM. At the time of listing, CHM's SP was still at its listing price. Both suffered through the biotech downturn, but look what's happened since (CHM in blue, CU6 in orange).

CHM has seen its market cap drop from approx $70m at the time of listing to approx $25m now, and pays its CEO $3m in annual remuneration.

CU6 has seen its market cap rise from approx $350m at the time of listing to approx $600m now, and pays its Executive Chair $1.1m annually.

It beggars belief really ...

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I really don't know why you bother $4

Your aforementioned Executive Chair is a Banker who has been married to the company for 10 years and now things appear to be paying dividends (bad choice of words), as far as the science is going.

To quote the Kraut:
"Jennifer Chow is actually an inventor too, and just one of a handful of CAR-T experts. Hence the different market value"

You really need to get over the tall poppy syndrome you have

CHM Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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