i am not one15 Feb 2019 09:43
to give Petch any cudos but I strongly feel that GL and the Board were reckless yesterday in the manner the released the information. They should have understood the impact it would have on the share price and that as a consequence many investors who had been listening to the company over the years may well have lost life changing sums of money. Now in fairness the BoD is supposed to have corporate advice on market matters, which as we have seen was absent on the day. If the drug is good enough and passes muster this episode has done Motif no favours in terms of its standing as a company. Stupidity, arrogance or nativity labels stick like mud and from here on many will view the company's management with a now justifiable level of distrust. Lets hope the drug takes us on from here but if that's the case we will need some more experience on the Board to provide the necessary level of stewardship and guidance to the take the company forward and rebuild the reputations damage this moment of insanity has caused