Cornhulio you are 100% on the money.The failure to get both the...

Cornhulio you are 100% on the money.

The failure to get both the PABO and PABOA oppies over the line when there is patient money waiting to subscribe reflects very poorly on management.

With hindsight there were 2 early warning signs prior to the fatal 31 March announcement of further manufacturing delays:

1. The departure early this year of Mason Stevens / Macquarie as the company's largest institutional shareholder; and
2. The departure late last year of the founding Chair, the only member of the company's Board and Management with deep ASX and capital markets experience.

The inability to replace Mason Stevens / Macquarie and the Chair with candidates of equal quality in the capital markets should with hindsight have sent alarm bells ringing.

Me thinks it's well past time for a major refresh of the Board and management.

IMO
DYOR

Clare