Covid prevented the access to the materials required for the engineering that delayed the trials by "a tear" and then the contractor engaged to do the engineering stuffed up badly and here we are still months, at least. away from going anywhere near the clinic trials. That has effectively killed all of the options that were due to be exercised that would have given the company millions of free cash. It also cost shareholders the cost of their shares and also for having that cash in the company's kitty. It's been a massive blow to the company and to share and option holders. Management has every right to sue that contractor for the losses and also grant shareholders free replacement options with a two year exercise date, maybe @ 2 cents??
I have made that suggestion to Dr Campbell. Let's see how he replies. It will cost Patry's nothing, but have significant benefits to the company and to all those, who, through no fault, will lose large sums. What a PR gesture that would be to long suffering PAB holders???
PABO vs PABOA, page-16
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