There is something else to add on all the people that have managed this company from day 1.
They have dealt with a topical product, not much harder to test oral or injected chemicals. This is very relevant in 11 years of company history and a much longer university research. Amazing to see that in such a long time, nobody was able to assess that the product validity was nil. Never in such a long time was a visible product reference compared to the standard of care! Even on a 1 to 1 case, or defensively in an Australian hospital or on a limited patients sample. The ground of cheap testing had to be in Australia, no traveling and foreign consultants to do that. Very simple and very cheap.
All the people involved in this huge 60-70 millions loss, seems to have been too blind: negligence or voluntarily blindness due to the opportunity to raise in time so much cash for a zero value project? The "miracle" protein; the dream; the game changer; the ulcer sufferers savers; the science at play; was all bullshit fabricated just for our ears.
Sad to see that all played with arrogance from day 1 using and speculating on the words of science, meanwhile all us common beings were said to express ourselves just with bullshit.
As you can see now in shame all this science individuals stay in silence, like dogs with a down tail.
Nobody raise from their chairs to defend their thesis as in truth they are in shame (or smiling on the cash) to have eaten su much others money.
Some of the money have been spent in paid research (when the technology was already been tested in QUT), but most of them had been spent in salaries, pension schemes and especially consultant fees.
What a failure. Science failed, but the people failed in their moral principle too to get to this stage of disaster.
I would like to hear their defenses in this public forum, but we know that they will not do it. Now it is just easy to leave and disappear, smiling with all the cash transferred to the lucky ones that have benefited in this 70 millions supper. Honor is not part of arrogance, as morality is a quality visible just in virtuous people.
The reality now is just a miserable shell company value. We will be lucky if we will be merged in another company and we will be left with 1 symbolic share of another company tied up with its new destiny.
Whoever will gobble FTT, know that a lot of people have been burdened of their private savings in dishonesty and negligence in name of science.
What a shame!
FTT Price at posting:
0.2¢ Sentiment: None Disclosure: Held