I urge everyone to read the independent expert report.
Quote Section 3.1 "Since we did not have a reasonable basis to determine the value of the Royalties and hence the consideration to be received by Medlab shareholders from the Related Party, but having also considered the pertinent points highlighted in section 9.1, we conclude that the Proposed Transaction is not fair to Shareholders."
Section 5.7. Cash and cash equivalents at the end of the last financial year were $5.1M; this year, they are $226K.
The CEO ripped the entire company apart, leaving it with $226K.
The only thing left of any value is the business's IP, and we are being asked to gift the IP to the CEO.
What is left for Shareholders with no staff, product, IP, or assets?
Vote NO!
I urge everyone to read the independent expert report.Quote...
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