Taurean, I am glad you agree with me that it was a mistake that...

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soud

78 Posts.

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03/11/18

02:11

Post #: 36376403
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Originally posted by Taurean7 ↑

Soud

You make Cellmid’s case very well, so I will paraphrase your post closely.

Management recognised its limited marketing skills and therefore committed $939K to engaging an agent (Ikon) who purportedly did have them. In the event the money was wasted. The Company had nothing. Because the ads were ineffectual they had to discontinue using them after 3 weeks. The ‘screw up’ was engaging an agent who didn’t produce what was expected.

This not only was Cellmid’s case for challenging payment, but that it considered this to have resulted in financial cost was the basis for it launching a counterclaim.

It appears that the Company subsequently has learnt from its mistake with the engagement of Color Collective in the US.

With respect to the share price on Monday and beyond, I’m sure it will continue to be determined by retail investor ignorance as it has been for the past 11 years until the shareholder profile moves inexorably towards a higher proportion of institutional holders, with retailers gradually selling out at a self-determined loss.

Proof positive of this later point has just arrived on cue.

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Taurean, I am glad you agree with me that it was a mistake that has cost the company some $ 939k. I think share price is determined by the performance of the company. Turn it around and the share price will go up almost exponentially. Any other reason is just a myth and wishful thinking. Have a great weekend.

CDY Price at posting: 34.0¢ Sentiment: Hold Disclosure: Held
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Taurean, I am glad you agree with me that it was a mistake that...

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