G MEDICAL INNOVATIONS HOLDINGS LIMITED (ASX:GMV) - GMVD - NASDAQ IPO, 49800485, page-834 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Galilee13: ↑

Hi Cal

I’m not holding my breath for an update. I just don’t understand Yacov and Brendan’s contempt toward shareholders. IMO a quarterly update is all we need going forward. I could only imagine how many emails Yacov gets a day asking WTF is going on. A simple update at the end of December will do just fine. If he set the expectations that the next update will be the end of the March quarter IMO shareholders would be happy with that.

I have invested in many unlisted companies over the last 20 years. On every occasion the founder bent over backwards for us shareholders. They were so greatfull for our capital and did everything to keep us on side. They updated us regularly, mostly on a quarterly basis and that kept shareholders informed and up to date.

Somehow GMV thinks they are different. Maybe things are done a bit different in Israel. But in the land of USA, Nasdaq investors won’t stand for this rubbish.

IMO if the company provided an update post December that would be welcome. But they could really squash any shareholder nerves by showing that they did get a three fold increase in patient numbers from the IDTF business.

If they can show the business is doing what they said it would then I would be happy. It would also give confidence that the Nasdaq IPO can get done in the short term.

But, given the track record of these guys, I’m not holding my breath. Expect nothing.

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When they bailed on the Oct 31 IPO, that was the obvious time to instantly reassure shareholders with an update. All the info for the IPO roadshow would have been (or at least should have been) at their fingertips, and no effort at all to release. Bombard us with the spreadsheets! Dizzy is with the detail! Strong numbers would have reinforced the PR war against Boustead. Instead -- silence. Eerie silence. All that ammo for a roadshow yet they couldn't fire a shot? Obvious question: why?
Instead we long-suffering shareholders are left to connect alarming dots, where the only pattern is non-delivery.
You're right: their attitude to shareholders is contempt.
Particularly grim to read your last two words.