1AI

0.00%

0.7¢ algorae pharmaceuticals limited

Ann: NEW 2022 Annual General Meeting Date, page-32

First 32 Last

Share
Profile

Follow
davewrightnz

163 Posts.

5

14/10/22

18:59

Post #: 64208385
Share

Originally posted by Ted Striker: ↑

I think you're way off the mark. To clarify firstly you only need 5% of the company's stock to REQUISITION the meeting. Going by company announcements they conducted a placement to Alignment of 257 million shares so I would suggest that's a pretty safe bet to say that's the starting number. I think its laughable that the company claims credit for the share price appreciation post placement. Most share prices go down post a placement yet this went straight up which suggests two things, firstly they haven't sold any of the placement (so refer to minimum amount of votes I've stated previously) and secondly its more than likely they have bought all the stock in the market post the placement which means that the number of shares they will be voting with will be significant and clearly greater than 257m.

I don't think these guys are fools and I also don't believe they would've gone down this path unless they knew they would win. Researching Alignment shows that one of the directors is the chairman of IHL. That company was transformed from a non profitable dental device business to a dual Nasdaq listed half a billion dollar company that is now part of the ASX 300 since Alignment became involved. You don't need to be a doctor to run a business just as Andrew Forrest wasn't a geologist and yet built the 4th biggest iron ore miner in the world from scratch.

Bernie Tuch runs this business but four days a week he runs his own private practice, Given he's the executive director what hope do shareholders have, no wonder there won't be news until 2027 by which time the company won't exist because it certainly won't be able to fund the clinical work an if it does existing shareholders will be diluted to oblivion. Given Bernie is in his 70's he may not be around either . Bernie earns $170k per annum for that one day a week and his share position totals all of $700 which is barely a marketable parcel of shares.

I received a call from some shareholder services group espousing the virtues and abilities of the current management. That in itself is an insult to shareholders. Spending shareholders money trying to save your $170k pa cushy gig - god help you talk to shareholders yourself.

Facts are facts - this management have sent the stock from 26 to a half a cent and raised capital at that price. Worse still not one memebr of the board participated in that capital raising at a half a cent. That tells you their belief in where the share price is headed under their stewardship IMO.

Ted.

Expand

Exactly. Good to see you here Ted. It's very refreshing to have your input.
All the best.

LCT Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

First 32 Last

Add 1AI (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $11.81M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$13.90K	1.986M

Buyers (Bids)

No.	Vol.	Price($)
18	3764983	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	41489	1

View Market Depth

No.	Vol.	Price($)
18	3764983	0.006
11	3916885	0.005
6	4095009	0.004
3	3800000	0.003
2	1050000	0.002

Price($)	Vol.	No.
0.007	41489	1
0.008	1901847	6
0.009	3869315	9
0.010	2413365	3
0.011	836153	2

Last trade - 10.57am 15/11/2024 (20 minute delay)

1AI (ASX) Chart

Ann: NEW 2022 Annual General Meeting Date, page-32

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: NEW 2022 Annual General Meeting Date, page-32

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Banshee's historic trenches prove rich in antimony and gold for GDM

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Cyclone signs MOU with Vale for development of Iron Bear play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News