I know I said I wouldn't say anything negative before the AGM but i just got to.
Hopper is useless 5 months in the job and delivered nothing except a cr getting rid of SC and giving himself a big pay increase and now a consolidation of 25 to 1.
How can anyone support this type of behaviour, no explanation on the hold up of Teva MAA which is 10 months late.Surely they must have been in contact with Teva re the delay and if they haven't just plain slack and if they have then they are bound to report the delay.
No progress report on Eddingpharma deal which they stated they were trying to get out of.
No progress report on the other deals which they are doing the development on.
After the consolidation it will more than likely be followed by a capital raising at a discount.
So imo unless we get some outstanding news then the sp will either be .002 or .001 prior to consolidation, so post consolidation if .002 then sp of .05 if .001 then sp of .025.
So what will the capital raising be offered at maybe discount of 20%.
So maybe .04 or .02
Ann: Proposed Share Consolidation, page-37
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