The company cannot wait to get rid of Midkine and associated assets. The strategy is to retain Advangen only. It is likely going to be a distress sell and board has full authority to divest the way they see fit.
The board meeting is taking place almost half a year after the end of the fy2020. We will be almost halfway into the fy2021. There will be nothing new of value to discuss.
Mr. D.E seems to prefer to have his salary paid in shares instead of cash in order to strengthen his control over the company. Its approval is eminent even at 10 cents a share.
if I read between the lines, the board is going to propose, as a reward, share purchase options to the highly skilled and hard working management and the excellent job they have so far done, in order to retain, motivate, attract them . Terms will be very attractive. The company will provide them with interest free loans. This is also likely to be approved.
What else is there to discuss in the agenda? Nothing really.
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