CYP 0.00% 25.0¢ cynata therapeutics limited

Ann: Cynata Advances to Official Meeting with Japanese PMDA, page-95

  1. 19,875 Posts.
    lightbulb Created with Sketch. 1010
    Yep. There are degrees of greed too ...

    No worries at all that these guys got cheap options (even allowing for the fact that they helped run the shareprice down again after a disaterous placement that got flipped for small tics).

    Then with a long runway and knowing they'd have to front a million bucks if options were in the money (and how could they not be really?) they managed to organise ..... um, NOTHING!

    'Duh, we missed our own timelines, but it's ok cos we diluted shareholders and the company has cash in the bank. We'll just borrow some of that until we actually sign a deal'

    Hardly A-grade corporate governance IMV

    Greed ... reward it in a public company at your peril
 
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