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12.5%

0.9¢ medibio limited

Problem is that standoff leaves a big overhang of shares... ...

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skorpian

707 Posts.

43

16/10/18

15:28

Post #: 36142236
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Originally posted by Bear10: ↑

I think it is disappointing that the board offer no validation except to say they will all go if they don't all stay. The SP is 5c. The company will receive after fees are removed etc less than $1.9m of revenue from the R&D as previously stated by Mr Mower. It has less than 3 months revenue to continue. They can only raise 2.5m at this MC. They are announcing conference presentations and R&D but not FDA complications. There are no new clients. Board members have not invested personally, have not explained any of their actions or poor decisions, FDA de novo is flawed and clinical results are poor. And all the board can do is say they will leave??? The Chairman had already told the big investors they had his word he would go. What's to hang onto? SH never invested because of who the Board were they invested because there was good evidence and good leadership. Neither or which appear to be true.

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Problem is that standoff leaves a big overhang of shares... Consider the number of shares that unhappy shareholders have vs the board...

Even moving forward - the SP will battle to recover...

MEB Price at posting: 5.0¢ Sentiment: Sell Disclosure: Not Held
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