banter and General Discussion, page-10603

"I don't share the view that 'the CEO has managed the funding badly'"

I agree, and I think it is largely a view of Ecoolturtle that has grown legs, in which I believe is likely, in part, an attempt at activist investing (in conjunction with the emotions that have come with the volatility and setbacks of the CRLs).

To judge poor financial management, we would need to know what other alternatives they would have had that would have been better. Sure, it's easy to say the 30-cent raise was a disaster, but we don't really know what was happening behind the scenes (I still think this was a classic poison pill, given the rights issue and the uncanny timing of GG really starting to buy up, but that's still speculative.)

We haven't sold off any indications yet. We haven't recently partnered unfavorably (cents-to-the-dollar royalties) just for some short-term financial relief. No debt has been raised (only paid down recently, if I recall).... Not to suggest Mesoblast or SI have been perfect: probably far from it (I can hear Pledge clicking into his folder of alex waislitz articles right now...).

I would urge people to be wary of activist investors and short-selling propagandists alike and to DYOR.