There is no proper Market update of Business since 27 Nov 2018. All announcements since November 18 are related to corporate changes/ restructuring or Statuary requirements.
We have 7 Directors and several Executives in the Company. I believe they are the most capable and qualified brains to hold these positions. Shareholders had enough and this is the time to deliver, I would like to see very clear milestones/ targets in the next investor Presentation such as following;
- Srategic marketing plan to commercialise CE and TGA cleared product in Australia and UK region (March 19).
- Lodgement of 1st product FDA 510 application (March 19).
- Response submitted to FDA De Nova Application (April 19).
- Quarterly Cashflow Report - Cash Burn under $2 million (April 19).
- Lodgement of 2nd product FDA 510 application (May 19).
- Agreement with 1st Channel Partner or distributor to market MediBio product in Europe and UK region (May 19).
- FDA clearance of 1st product (June 19)
- FDA clearance of 2nd product (July 19)
- Quarterly Cashflow Report - Cash Burn under $1.2 Million (Jul 19).
- Agreement with 2nd Channel Partner or distributor to market MediBio product in Uk and Europe region ( Aug 19).
- FDA Clearence of De Nova Application (Aug 19).
- so on.....
Also shareholders would like to see a confirmation that no $$ will be spent on Legal and Expensive consultancy fee. Shareholders had enough this is a time to deliver and to make some tough decisions. Just get rid of people who are not performing or contributing.
Good luck to all!
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- Ann: Investor Presentation - February 2019
Ann: Investor Presentation - February 2019, page-31
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