hi all. i do not usually post here but after reading the partial transcript that someone posted of the interview with Fiona Wood, i feel compelled. I am a holder of CCE and i am disturbed by what Dr Wood said in reply to the question about the share price..she says....she is not impacted the the up and down share price....but motivated by royalties to the McComb Foundation...er..am i missing something or isnt the function and motivation of management to grow shareholder wealth (ie share price, divs)? It is now no surprise to me to see the SP go the way it has when u have company leaders such as Dr Wood with the priorities she has, and seeming disregard for the owners of the company (us shareholders). (my personal opinion, feel free to disagree)
PETER THOMPSON: The shares in the company are up and down like a yoyo.
DR FIONA WOOD: Yes.
PETER THOMPSON: How does that impact on you?
DR FIONA WOOD: Not at all. In that, my motivation for C3 is not personal gain. My motivation for C3 is for royalties to the McComb Foundation to underpin our research and those royalties are collected to give us that sort of base and they're slowly building.
CCE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
