Yep, cormorant-1 was badly handled by management and left everyone with a bad taste is regards to the md share selling scandal. It was however only given a 15% chance of success by pcl which i pointed out to everyone at the time (which wasn't popular by some spouting 50%).
Yep agree with cheap shares for mates but I wouldn't be using the .012 figure as that was an early hyped up figure for this stage of the proceedings. Support got pulled way before the CR got into motion. Seems like we were getting support at .007 when there was a sudden sell decimating. 006 which i think was some forewarned about the CR and getting shares and options on the cheap. Will be interesting to see which way the sp swings when those .005 shares are allocated.
Price was .001 beginning this year. Guess the 6x price increase is in part due to the nearology or it would still be rock bottom.
This should re-rate on new milestones
Ann: Placement, page-57
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