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25.0¢ archer materials limited

Ann: Departure of CEO, page-224

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HongKongPhooey

4,224 Posts.

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17/07/24

17:57

Post #: 74799587
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Originally posted by Gerrado: ↑

I hope they don’t continue with Pitt St.

Its so high level, and provides opinions without much reasoning, offering little confidence.

I wonder what their current valuation would be now noting:

”Key man risk: We believe that Dr. Mohammad Choucair, with his extensive scientific background and networks, is the main driving force behind the development of Archer Materials’ technologies. If, for whatever reason, Dr. Choucair was no longer able to lead the company’s product development and commercialisation efforts, we believe completion of both projects would be in very serious jeopardy”

Frankly, I don’t hold the same belief as Pitt St, networks and knowledge can all be transferred, and additional expertise can always be acquired if needed. As much no one really likes to think they can be replaced, truth is, they can in one way or another.

I’d be surprised if the CEO wasn’t delegating and building a formidable team. He’s got a fair bit at stake to incentivise a solid transfer to the next CEO.

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our new CTO simply wouldn’t take up the role if it was pointless. Reputations are at stake

AXE Price at posting: 28.0¢ Sentiment: None Disclosure: Held
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