Well now there is no room for any further wastage or dragging any costs out unless the end result is a sure thing.
Given the company's track record in negotiations of all types and poor decision-making, we must all be wary that it is in management's interests to keep paying themselves salaries, while it is now in Shareholders' interests to curb any unnecessary expenses and look at maximising any opportunities.
With $US50+ million in the kitty, it is easy to say, we have plenty of reserves to invest in whatever, but now the tables must turn - it is time to realise some immediate value in our programs - management (past and present) have had ample opportunities to realise further value and have failed shareholders time and time again. They must now front up to holders and present us with any options to sell programs, consider merger or takeover offers etc. I don't think too many holders will now be prepared to wait 2 years while our reserves are frittered away and possible Cap Raisings in between.
Suggest everyone email management and demand they front up to holders.
Well now there is no room for any further wastage or dragging...
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