CUV 5.66% $26.98 clinuvel pharmaceuticals limited

unilife directors show how it's done

  1. 648 Posts.
    Unlife's CEO as I mentioned here forked out $500,000 of his own money AT MARKET (he could have bought cheaper if he so desired) a few months ago to send a message to shareholders that he believes in his company.

    A few days ago, another Unilife director forked out $250,000 in acquiring shares.

    Besides Jack Wood (who we all said we have a lot of respect for), no Clinuvel directors want to step up to the plate and back their company.

    If they need to go back to the market down the road and ask for more money, it will be duly noted that they didn't show their own company much finanical support IMO.

    Which makes it that much harder to present the case for them to go hat in hand asking for money from others.

    No one needs to buy $250k or $500k in shares. But how about matching what Jack Wood did?

    Asking for too much to put some roulette chips on your own company?
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