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Serious consideration needs to be given to the governance...

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Looking4ideas

229 Posts.

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30/04/21

12:47

Post #: 52844515
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Originally posted by kokoro: ↑

I agree that what is happening with the SP is probably overreaction. However, for those who are newer, this is not the first time there is a delay with IBX. There has been many delays before. In fact, the whole story of IBX is a big delay. So, I can quite understand the frustration of some shareholders. I have to say that I did sell my holdings too. Got a good 3-4 bagger, but obviously I was looking forward to much more than that. I was quite frustrated yesterday and still am. I will still keep following IBX and keeping my fingers crossed -- not only from the business point of view, but because of its potential impact on the entire cancer diagnosis industry -- but I don't think I want to touch it before a) it goes below 5c, b) Bob is replaced by someone who is more than just a corporate showman, c) actual material news comes out (even if the price is much heftier then).

The trial sites are an actual thing and that is very good. Now we need decisive action to get the trials actually going.

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Serious consideration needs to be given to the governance structure.

I don’t think it’s optimal having Bob as both the chairman and ceo. Not a lot of scope in holding management to account in its current form.

IBX Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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