CYP 0.76% 65.0¢ cynata therapeutics limited

New chapter starts now?

  1. 18,887 Posts.
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    Plenty of water under the bridge here.

    I'm encouraged by Friday's SP action, but more particularly the arrival in recent weeks of former CSL director Dr Darryl Maher.

    Dr Maher's arrival as an independent director coincided with an interesting selldown of McDonald and Washer's stock holdings at the recent lows, followed immediately by a rewritten director share sales code of conduct... First big tick in months and potentially suggests an acknowledgement of the clear overreach of loaning money to directors for cheap loans on generous option handout that so soured the water. This had previously not been acknowledged as a negative. Seems they finally got the message.

    As the chartists have pointed out on the chart thread the breakout is clear and came after a long period of distribution. They have a great technology and until the recent raise at the crazy lows management had done pretty well to limit dilution. They now have the cash and some inhouse CSL brains, so let's see what they can do with it. I'd welcome some more turnover of staff and directors, but for now will take what's been offered - that is, a ray of hope.

    This looks like a new chapter. It's a buy for me up to .90 in coming weeks. Let's see how close they can get to the old highs in the next six months
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