what is happening with this company?, page-5

I saw your post on the "under cash backing" thread, Purple, and thought I'd have a look at this one. From the biotech bible, Valutech, there's the history of the PGL share price:

http://www.valutech.com.au/pages/pages/Biotech2012P.html

And then there's this article from 2009:

http://www.couriermail.com.au/business/conspiracy-claims-against-progen-pharmaceuticals/story-e6freqmx-1225782753089

I wonder how much as changed? There still seems to be a revolving door of Directors. They released the CEO and won;t be getting another. And they will be raising capital to continue as a going concern, even though their burn is not as much as their cash and cash equivalents. It seems they like to operate with more cash than required. An interesting one. Colourful.