CYP 8.57% 19.0¢ cynata therapeutics limited

Ralom, Unfortunately the director loans were the best chance of...

  1. 19,868 Posts.
    lightbulb Created with Sketch. 1010



    Ralom,


    Unfortunately the director loans were the best chance of getting a message through that they should be working for all of us, not just themselves and big interests. 


    Despite what the smartypants on this forum claim,  the raiding of the balance sheet for personal options conversion was a terrible look and some really strong shareholder activisim almost nipped it in the bud.   


    They were forced to get the office girl to ring around event tiny 5000-held shareholders to urge a yes vote. Hardly best practice, yet these guys took their bees dick yes vote and still proclaim they can do no wrong. 


    Quality management would take that on board and seek to engage with the smaller holders. This has not happened. In fact the opposite. 


    A first strike will be harder to achieve than the no vote to loans. But it is doable. People need to think long and hard about how their votes were manipulated to achieve a result that benefitted a select few.


    We now wait to see if there's any share price movement until 12 months after the options issue. Or indeed if we are forced to vote back a director just to ensure they don't dump on market with no oversight. 


    I want these guys to succeed, but I want more transparancy. 

 
watchlist Created with Sketch. Add CYP (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
0.015(8.57%)
Mkt cap ! $34.13M
Open High Low Value Volume
18.5¢ 19.0¢ 18.5¢ $7.936K 41.94K

Buyers (Bids)

No. Vol. Price($)
1 37413 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 7290 1
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
19.5¢
  Change
0.015 ( 11.4 %)
Open High Low Volume
18.5¢ 19.5¢ 18.5¢ 5805
Last updated 15.29pm 29/03/2024 ?
CYP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.