RE: SPACs back from brink with NK cell therapy biotech's plans for blank-check merger29 Mar 2023 10:43
Doc83,
You believe they Polyg to be stuck, desperate and unknowing victims - which is why they continued to not only increase their position again...and again..whilst dealing in CFDs. Yes, CFDs. Hmmm, that's an interesting conclusion to draw... On the one hand you say they are victims, on the other you say they are capable of screwing us all over. Are they astute, or are they halfwits?
To your other point, there is NO guarantee of a return on any investment made. Ever. Are there rotten BODs out there? Of course there are, and shareholders should always be prudent and remain with eyes wide open. I take comfort in 2 facts; (1) as a shareholder I have power to exercise in a few weeks time at the AGM and (2) 2 external NEDs joined the BOD recently. Polyg seemed to have not gone against these appointments, so we can probably conclude that they are in favour, or even actively encouraged them, somehow? One NED is overseeing finances, the other controlling remuneration. For wat it's worth, I can't see Dr. Flic Gabby, as co-founder of Transcrip, ex-FPM President, with her 4 decade history of drug development and fact that she held CEO positions in big pharma, biotech and CROs in Europe and North America - throwing herself under any bus just so the Sng BOD can make a buck and absolve themselves of their fidicuiary duties. If you think she and other BOD members will act improperly then you must voice your concerns at the next AGM instead of throwing spears from this lofty anonymous BB. Voice and vote. Mani tried to organise an EGM to agitate when she got bored of ramping the bayjesus out of the stock (...the irony of which was spectacular you'll agree!). That EGM attempt failed. As far as I could ascertain there was no real interest, other than from a few genuine posters, some day-traders, the usual bevvy of self-confessed shorters, and a majority of uninvested keyboard warriors who for some reason try to convince new investors that they are LTHs. As I keep saying, if you are not happy, sell up, or, do your duty as a legit shareholder - turn up to the AGM for a proper discussion and airing of concerns if you still have any by then. In essence, both options mitigate "getting screwed".