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0.9¢ medibio limited

Ann: Notice of Annual General Meeting/Proxy Form, page-18

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room10

173 Posts.

40

16/10/18

23:36

Post #: 36148312
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Originally posted by Bear10: ↑

Lets play out what would have been happening if the previous CEO had stayed on. The SP would have been heading back up to mid 20s. The market would not have had the angst it did by waking up to a dismissive "CEO has ceased" announcement and panicked. A cap raise would have occurred and raised closer to $8M followed by the Oct commercialisation that would have been occurring if the Board didn't also get rid of the VP of Corporate Health. The Consumer product wouldn't have run behind time or been stopped the second Jack was gone.

The results would have been handled differently. If the Board had a complaint against the CEO or VP that could possibly explain the  or that they were allowed to state, lets face it, they would have named what led to the dismissal/s and the market would understand and sympathise.

Maybe Jack would have come unstuck in a year or so if pursuing an unregulated pathway wasn't viable, but I can tell you one thing, the company aren't in a mess because of expenditure. They are in a mess because the Board destabilised the company at the most shockingly poor timing known to mankind and refused to explain why.

Love the way Australian's blame the person who has left the room.

Expand

Originally posted by Bear10: ↑

Lets play out what would have been happening if the previous CEO had stayed on. The SP would have been heading back up to mid 20s. The market would not have had the angst it did by waking up to a dismissive "CEO has ceased" announcement and panicked. A cap raise would have occurred and raised closer to $8M followed by the Oct commercialisation that would have been occurring if the Board didn't also get rid of the VP of Corporate Health. The Consumer product wouldn't have run behind time or been stopped the second Jack was gone.

The results would have been handled differently. If the Board had a complaint against the CEO or VP that could possibly explain the  or that they were allowed to state, lets face it, they would have named what led to the dismissal/s and the market would understand and sympathise.

Maybe Jack would have come unstuck in a year or so if pursuing an unregulated pathway wasn't viable, but I can tell you one thing, the company aren't in a mess because of expenditure. They are in a mess because the Board destabilised the company at the most shockingly poor timing known to mankind and refused to explain why.

Love the way Australian's blame the person who has left the room.

Expand

Interesting insight to what "would have happened" @Bear10. Can you give us this weeks lotto numbers as well?

Please - this poor company needs a new beginning. God only knows this poor company has been badly managed for a long time in my opinion. Great technology, poor management in my opinion. Classic dilemma.  We desperately need fresh, new executive management. I think Prendergast and Carlisle being virtuous men will do a good job in appointing the new ceo. I'm sure the new ceo will be a man or woman of quality and integrity, who will make decisions based on good business principals. I urge all shareholders to look to the future, not the past.

MEB Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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