CYP 0.00% 28.0¢ cynata therapeutics limited

This. It’s a no from me. Gotta say, it felt like a kick in the...

  1. 8 Posts.
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    This. It’s a no from me.

    Gotta say, it felt like a kick in the guts when I first read the announcement. I got on board with this company a couple of years back, buying consistently from then till quite recently, because I felt both the tech and the business model showed real potential to help the humans out. So to find that certain directors have become glazed over with selfish opportunism is a disappointment to say the least.

    Am curious about which companies they are referring to when stating in the Explanatory Memorandum 3.3 h), to quote the missive: “It is common for companies to grant loans to directors for the acquisition of securities at the same time as the grant of the securities, on terms broadly similar”.

    Anyone know of any examples? The only one I’m aware of is Adherium. Apparently that one didn’t go down too well with holders either.
 
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