RE: Faith15 Oct 2020 20:11
The veto of all resolutions at the EGM should have sent a strong enough message of discontent to the board, but they don't give a f**k, for as long as they continue to draw a salary or award themselves shares at a discount to the sp, why would they care that in 8 years they have not delivered one single penny of revenue. When have they ever considered their shareholders and offered the opportunity to partake in any placings at a discounted price? never ! and why, because we are irrelevant , we are just a means to an end, a necessary inconvenience. Any good that ever comes out of Kibo is hived off out of reach of us ever benefitting , Katoro.. MED, what's next, MOZ, then BOTS until Kibo is no more than a cash shell. I guarantee you when the MED IPO opens to us , the PI's will flood in and the sp will tank down to the price his mates rate and so the cycle continues.
I was a strong supporter of Louis for many years, but In my opinion he has taken Kibo as far as his ability can take it, now it's tome for him to step aside and let someone else take the reigns, perhaps the recent appointment to the board is just that, we can live in hope.