This is a great analysis of the failure of a board to take advantage of positive news.
I'm not sure why David Ali and others don't hold shares and whilst that is their prerogative, it is not a good look. But to then capital raise at the price they have with an appalling free option exercise price is completely puzzling. The only answer I can come up with is that they have shopped the CR hard and had multiple knockbacks and have had their position forced. But hey, they need their wages paid!!
David Tasker's publishing of the online article on here also reeks of desperation spin for me. This is not something a corporate affairs division need to be pushing on a site like this. More profound financial media impact is what the company needs. DT's posting here suggests a level of desperation and is a fairly low-level response to market forces.
I actually believe in the product but the poor board performance that we're seeing worries me. I really want to be proved wrong here by the market. As I have stated once before on here, I have lived experience of a board completely stuffing up the un-stuffable deal.
I'm sure anyone who speaks out about the board on here will be criticised, but those individuals have the ability to ignore simple maths and market sentiment.
I'm hoping like crazy that DA and his board can turn this around. And reasonably quickly.
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This is a great analysis of the failure of a board to take...
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