The biggest TIS/FTT Management Error

The management made the critical error from day 1 to not have the topical product approved in a small test market such as Australia. (The Origin of all the research and studies).

Australia itself being the country of incorporation of TIS/FTT should had the product approved for wound care, before even attempting to have the company launch itself in the suicidal mission of the EU EMA saga and the FDA failed clinical trial.

Even if in a small market, but local for this Australian company, the limited costs would at least had the product on the Australian shelves, provided in the years a good validity reference and limited the substantial costs and money spent in trash worldwide.

The truth that all was bullshit would had been visible much much before.

Instead, the will to play big internationally with the swindling words connected to a "miracle protein unique in its species" has determined in facts and in a very long time one of the most biggest scam in Australian biotech history.

Based on the story of a fantastic product discovered by a major Australian University and doctors (today with a doubtful reputation) many investors had belief that behind all this there was a serious academic substance.

In the past during a private conversation the CEO doctor stated in a one to one context:" Australia is too small to being played, the Board (at the time made of Dr, Bridges, Roger Clark, T. Hughes and a fourth one) want to play big to be able to raise substantial shareholders funds". The trick of a big hit confused many investors. The connected words played by the Board of good effective science and partnerships have deceived many honest investors that believed in the wrong people.

Today, you see the results.
We are in the middle of a corporate saga where the moral turbidity of the management actions is a chain of immoral acts;
the shareholders feels to have been dragged and have lost all the life savings with a group of swindlers, crooks and immoral managers;
the company in years has been sacked of $70 millions in expenses hard to understand based on the results;
and absurdly the same President of the Board still seat almost with the same individuals on the same Board.

In the world people are judged based on competence, results and corporate honesty.

Let the shareholders judge today this Board behind bars. We are the True Corporate extra-judicial Plaintiffs against irresponsible and arrogant individuals.