The board should raise the white flag and call an extraordinary general meeting.
The board should, humbly, freeze their salaries from this point, while an executive search is conducted for their replacement.
Once the appropriate person/s are found, and we will find suitable go-to-market entreprenuers experienced in the biotech and/or capital markets sector, Ms Miller can then take a back seat and consult to the company, considering her history.
This may be a better option than receivers and/or an ASIC intervention in the not too distant future.
Has anyone else any other ideas? This is just but one suggestion. Someone more experienced in these type of matters may have a better idea, if we can at least throw it around and talk about it in some more deatil?
BIT Price at posting:
5.2¢ Sentiment: None Disclosure: Held
