I thought things would push ahead on the commercial front with the appointment of Dr Nisbet to the board. Looking back at the announcement I see I was wrong in thinking Dr Nisbet was appointed to the board as Chairman. I carelessly missed the 'small print' about achieving certain milestones.
24 October 2014: Solagran Ltd (ASX: SLA) announces the appointment of Dr Ian Nisbet as a Non-Executive Director, effective immediately. Subject to the company’s achievement of certain milestones, Dr Nisbet will assume Chairmanship of Solagran and current Chairman and Founder, Dr Vagif Soultanov, will become a Non-Executive Director.
I think it would be difficult to achieve milestones as a non-executive director, with somebody else as chairman. Certainly no passed milestones have been announced in the weeks since his appointment.
SLA Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
