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GMV

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3.9¢ g medical innovations holdings limited

GMVD - NASDAQ IPO, page-1710

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Mazer

2,807 Posts.

445

18/04/21

12:57

Post #: 52545700
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Originally posted by IronChef: ↑

The fact that SH's want the CEO not to hold an executive role, shows the trouble the IPO is in.
This company always prioritised the stock market play ahead of delivering as a business. Ironically, if they'd concentrated on delivering as a business, the IPO would have followed as a natural consequence of success.
Sadly, this company thought that would be too much hard work. Hence why, in 2020, this company prioritised a paper move, of delisting from ASX, over nailing NMPA in China -- even when trial data was already available.
Much more fun to sign papers in a boardroom, and add zeros to fantasy spreadsheets, than to contemplate extra sweat during the Covid boom. (Excuse the pun.)
But every time an underwriter gets a good look, they are wise enough to run away.
HC Wainwright ran away.
Boustead decided equity in GMV wasn't worth the risk -- so they wanted to make the deal a loan.
ThinkEquity said: we'll think about it, if you slash the MC by 90%.
But Yacov's cluelessness doesn't vanish simply if he's replaced. His taste in staff endures.
He chose the Dentist of Otsana (RIP) as his right hand wolf. He chose his own son as his director of technology. Is the market inspired yet? Does the market get turned on by a company that still calls itself a start-up after all these years? By a company whose SH's want rid of their 'visionary' CEO?
And it's not just SH's who feel burned.
How does this company treat customers? Real ones, not the fake ones, like Hygea.
How happy is LiveCare?
Meanwhile, the Reddit moderator prefers to post here on HC rather than say anything on Reddit.
Is that under orders from another moderator?

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Pretty accurate summary. All of the BS put out by GMV can only lead to the conclusion from day 1 it was a stock market play.

GMV Price at posting: 3.9¢ Sentiment: None Disclosure: Held
4 Upvote

1 Great analysis

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