RE: Research19 Apr 2024 17:24
Riz29: In addition to reviewing all the formal material of the past 12-18 months, which I presume you have already done, have a look and listen to all the interviews too. Plenty of stuff on the internet to this end.
Listen to all the promises and general positive patter.
Then compare it with what has actually been delivered. Well, as much as we can rely on what they claim has been achieved of course (misleading prescription numbers, ahem).
How enthusiastic the CEO has always been...except when it comes to putting his hand in his pocket and actually buying some shares himself.
You could be forgiven for thinking he was working pro bono, but instead, and I doubt many would argue, his remuneration is really very generous.
Indeed, it would be generous, even if he had taken the company to profitability, which should have been achieved by now.
More red flags than a beach in a storm. Whether by accident or design, this is a dog with fleas.
At best, a commercial car crash. Shareholder value destroyed, thanks to a useless management team.
Or at worst, one that has been deliberately taken in this direction.
Either way, one that should already be under regulatory investigation to establish which of these two scenarios applies - but this is AIM - and so we will probably never know.
But to each their own views naturally.