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29/09/16
12:02
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Originally posted by Swiss Gnome
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Jake,
Good work.
But you missed The Cayman Conned Note.
Perhaps the largest by a distance Fug up at exactly the wrong time by the geniuses who are supposedly qualified to hold senior positions in a public company..Both JR &DH were part of writing simple note which defaulted in 3 days!
We all should have ran at that point.
Giving away a huge hunk of the company to a mystery fund for next to nothing & at the same time running a data room to find a white knight!!
A mid intelligent high school kid will see that won't work..
What were we thinking by continuing to hold..!
Perhaps most were so far under water & though lets just keep sucking..
Since DH has been CFO the SP has fallen > 95%.
Nice going eh!
JR was hired as a Legal Contract guy
& has zero history in company restructuring.
Untill now scores below zero in communicating with stockholders..( company owners) or the invest community.
Sure the company has some great products but it seems untill now , no one is buying & little is being produced by the 140 ghosts on the payroll.
Frightening to think how ineffective operatively this company has proven to be.
There are 2 more trading sessions then a trading halt , unless one believes they can file & regain compliance which seems highly unlikely.
In the meantime this Bizzare code of silence continues.
Assuming the statement in July by Orbi was in fact somewhere near the truth, & were satisfied how their restructure plan was progressing all should be ok...lol
However credibility with this company is at an all time low untill proven otherwise & most of us if not all wish we had never heard of Unilife.
About to land in Dublin.
GLTA,
We will need it with this company.
Best,
SG.
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I agree with you Swiss. Worst development with this company since I've been invested. Shocking scar on the management of the organisation. I just hope we can move forward from it and recover.