Perhaps prepare for worry, wasn't the SP higher when CG was commenting around shirts off peoples backs and the like?
If anyone knows her or any other board members or even ex employees that they could ask if the board will be participating properly this time? Someone whose posts generally have merit as opposed to ones who claim merit perhaps?
From Ann 8/5/23 (I have added bold):
"James gained both ASX and NASDAQ exposure and hassuccessfully accessed funding through capital markets, partnerships and non-dilutive means.Why then not wait until he is on board? Overall sentiment could be changing slightly which could see a return to interest in the sector, even the minnows is another reason to wait a month or two?
Free kick for Jimmy anyway if the raise is successful.
From ann 5/10/2022 regarding AF (I have added bold):
"He has a strong track record in negotiatingtransactions, partnering (in- and out-licensing), M&A and raising capital for drug development......"So given it has already been stated he has nothing to do in terms of deals as CG stated there is no interest yet: ("Dialog in this regard repeatedly resulted in advice that placebo-controlled data in a relevant numberof study participants would improve business development outcomes")
has AF provided guidance using his strong track record in raising capital to ensure:
- it doesn't cost circa a million dollars to raise
- the raise is at or better than the current SP
- the raise is successful
I do not know him and I am sure he is very capable but if he can deliver one or more of the above it will truly show his strong track record is intact and he is indeed worth whatever he is getting paid. It is fair to expect he also fully participates in any offer.
Clearly the roadshows in the US and the Edison investment failed to provide any benefit so now old mate is gone perhaps Jimmy and CG will implement a review of all things financial to determine ROI. This IMO includes AF as at this stage I'm not convinced he is required to generate "inbound interest" at this stage and the money could be much better utilised elsewhere unless he is delivering per above.
GLAH have a great weekend!!
