MEB 12.5% 0.9¢ medibio limited

Ann: Investor Presentation - February 2019, page-45

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  1. 86 Posts.
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    You misunderstood my comment and I can understand your frustration @LineMarker. I am equally upset with the Half year Report and company performace from last 8 months. Please see my comment dated 28 Feb 2019. I was the first one to question Legal fee of over 1 million and consultancy fee of a million dollar too. Also I am not happy with the current share price. I guess not even a single shareholder have made even a $1 profit from this stock in last 8 months.

    https://hotcopper.com.au/threads/ann-half-yearly-report-and-accounts.4656225/page-2?get_post=true

    But again I will say it’s a share market and we as a shareholder can’t do much. Previous management have created a big mess and it will take some time to sort out.

    To explain my point properly. For example If previous management have signed a lease of a premises or 3 years at 4 locations. While doing a cost cutting exercise you can’t just surrender a lease and stop paying, you have a keep paying until the lease expires. Same is the staff employment contracts etc.

    I hope things might change after the FDA approval in April/ May. Best of luck to everyone!


    Last edited by Monster_User: 12/03/19
 
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