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819 Posts.

26/04/17

15:28

Post #: 24275397
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Originally posted by cgt2009 ↑

I sent a group email to John Ryan and long term board members. Probably go straight to junk mail but it made me feel better....

Dear Sir/Madam

I am a small investor of Unilife Corporation.

I write to you today to share my great disappointment in the continued poor performance of Unilife Corporation, particularly as a business answerable to investors, i.e. the owners of the business. Like most investors, I have been somewhat shell shocked by poor management and accountability, from the uncontrolled cash burn of prior years, to constantly letting cash balances dwindle to less than a quarter’s reserve, to the shocking destruction of investor wealth at the hands of the Discovery Fund convertible note. In addition, I am somewhat disappointed in the continued selective timing of announcements (e.g. the recent $10 million liability resulting from the company restructure that was signed off on last year).

In the absence of a company saving announcement in the next few days, and given most of the current team presided over the poor management of the company in recent memory, I would hope from a moral and ethical standpoint, as well as showing empathy for investors wealth being completely wiped out, that the board and executive team resign in the event of bankruptcy.

Thank you

xxxxxxxxxx
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Sorry to hear about your loss and I hope you make more elsewear as there are heaps of opportunities on the market. Rule 1 never trust management of any company as they're only after their own interest. No reports no speeches or presentations going to make me fall for it I only trust the charts and what Mr market is telling me the rest is rubbish noise.

UNS Price at posting: 0.5¢ Sentiment: Sell Disclosure: Not Held
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Sorry to hear about your loss and I hope you make more elsewear...

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