ALA 0.00% 11.5¢ arovella therapeutics limited

Ann: Suda Update, page-25

  1. 362 Posts.
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    The EGM is 29 January - if shareholders vote through the resolutions put forward by the board I will probably sell. It will signal that nothing has changed - we will still be rewarding them for gross incompetence, shareholders will be diluted again and we will continue this 7+ year on year decline of negative returns.

    * CAR-T acquisition blown up / fees paid to Hopper entity for exclusivity
    * Can't find a distribution partner for Zolpimist in Australia.
    * Put $2m in a term deposit and then raised $3m in a placement almost immediately afterward.
    * Won't update on Zerlira status even though the JV date has expired.
    * Ordessa JV terminated

    And that is only in the last 3 months.

    I won't raise it again after today but it is important shareholders take the time to vote on these once more.
 
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