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Ann: Update to TGA Submission, page-103

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morpheus

60 Posts.

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08/03/23

10:46

Post #: 66656029
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Originally posted by borano: ↑

@kiwig

Otto Buttula is the chairman.
It is not fully his responsibility to get off his backside. It really comes down to the people below to perform.
Otto is non-executive and has other interests outside of RHY. .It is management (inc Glenn Gilbert) and general counsel that need to step up in my opinion. They are the ones that report to the BOARD of directors for which strategy then plays a part.

Glenn's job could be on a thread.

Clearly from the result of the TGA submission, they haven't got a clue. I thought RHY was on friendly terms throughout the process, even to say "that the TGA loved COLOSTAT??????? Didn't Glenn say this?

Are you aware that that between Otto's superfund and trust he spent approximately $2.8m for all shares he acquired and sold 5m shares for $6.5m
That's what I call a smart operator.

Profit of $3.7m and still holds....................

Newfound Investments Pty Ltd
<Newfound Super Fund A/C>
11,135,834 fully paid ordinary shares
(ASX: RHY)
134,167 Unlisted $1.80 options
(ASX: RHYAL) expiring 31 July 2024
2,000,000 Unlisted $1.80 options (ASX:
RHYAI) expiring 31 July 2024
2)

Webinvest Pty Ltd
<OLSB Unit A/C>
17,291,667 fully ordinary paid shares
(ASX: RHY)
208,333 Unlisted $1.80 options
(ASX: RHYAL) expiring 31 July 2024

At 60 cents his shares today are valued at just under $17 million. Gotta hand it to him.

Expand

correction Otto is an Executive Chair and largest shareholder. so is in charge of day to day. (not defending Glenn but there is only one boss)

Last edited by morpheus: 08/03/23

RHY Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
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Ann: Update to TGA Submission, page-103

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Ann: Update to TGA Submission, page-103

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