Every issue of options has its own unique set of attending factors, making them more or less promising...so it's not a straightforward move to use the history of previous options as evidence for the viability of the most recent issue.
Fact is, management made specific claims about the news flow that was supposed to eventuate in the last few months, claims which were material evidence that would reasonably be believed to have influenced purchasers of both options and heads ...and thus far, that news flow has not eventuated, which has lead to a destruction of shareholder value.
In the context of the very time-specific nature of the guidance from board members (including Phillipa), there is a fiduciary duty for the board to make good on the timeliness of their news flow.
CRI Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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