CYP 0.00% 21.0¢ cynata therapeutics limited

June 20 is 90 days since the FujiFilm delayed deal announcement, page-14

  1. 2,061 Posts.
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    ".. this seemingly passive effort we see here".

    Yes Ross and Wotton seem to ask shareholders for a lot of faith on an ongoing basis. We hear nothing of any deals and we can hope it is because they are not leaking rather than because they are not getting anywhere on the commercialization front - but from the outside it looks exactly the same - hence the faith and the testing of it).

    I think if Fujifilm doesn't take up the option in September and they (the board and managemrnt) don't have a good alternative (a coherent plan B to put to shareholders) then I'd prefer Wotton at least gets moved on by shareholders at the AGM to show Ross that non-performance can't be tolerated in a commercialising vehicle that exists to make deals indefinitely. I'd give Ross a little bit longer than Wotton because sometimes Ross seems to be trying whereas Wotton seems to do F all and to be too pleased with himself (based on appearing as a celebrity deal maker and stem cell whisperer on what seemed to me to be a paid promotional piece set up to throw him softballs and rain down praises).

    What has Wotton done for CYP ? Anything of identifiable value at all ? Or is he just dining out on his Octata history? And is there any evidence he actually did more than get lucky by being there when Octacta was taken over?

    There is a danger in shaking cages of non performing execs in that they may just go for a poor deal (with Fujifilm) that rewards them on the way out or they may become discouraged and leave off partly completed deals - but paying for their continued non performance indefinitely isn't a solution either.

    In hindsight the lack of KPIs seems to have made it too easy for the board in my opinion. They've seemingly over remunerated and advance paid themselves with cheap loans too much on performance to date. The tech is good but the board didn't invent that. And they aren't going to invent anything else either. So if they can't make deals they are just wasting shareholders money.
    I'm running out of faith/patience too. JMO.

 
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