The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think Geng is right, I have said many times, I believe we are being set up, conditioned for a low offer to end the suffering. 5 - 10p, closer to 5p I reckon.
I also believe that Young is complicit in this conditioning, he of course, will be handsomely rewarded for his part, along with his crew.
"They should whack several million in HZM and double their money :)"
No F1ddy, they should resign in shame for gross mismanagement.
Young was taken for a ride and diluted the shareholders, no due diligence, no care and no consideration for the company owners.
Habib embarrassed Young and Young got rid of him.
O Robin, Robin, wherefore art thou Robin?
Deny thy Investor and refuse thy tongue.
Or if thou wilt not, be but sworn my scorn.
And I’ll no longer be a follower.
‘Tis but thy name that is my enemy:
Thou art thyself, though not noble.
What’s Sincere? It is nor you nor your board.
Nor talk nor comms nor any other part of you.
Belonging to a man. O be some other man.
What’s in a name? That which we call a liar.
By any other name would smell as sweet;
So Robin would, were he not Robin call’d,
Retain that dear imperfection which he owes us dear.
Without that title. Robin, doff thy name, as you cause much shame.
And for that name, which is no part of true,
Take all yourself, and us you screw.
2 or 3 years ago someone suggested RY should park this project for a few years.
Well, that's exactly what he has done, but in the most disturbing and disgusting way possible. Not by telling us, but by giving us the bird and saying 4ck all.
"My expectation is that we will be made an offer that we are "not allowed" to refuse"
I couldn't agree more, I've been saying for a long time that we're being conditioned for a low takeover, as you say, one we won't be allowed to refuse.
Don't hold your breath for 10p though.
"Maybe our talk of trying to push an EGM has un-nerved the market :-)"
Or, maybe it's reminded the market of how woeful the BOD are.
AIMO, of course.
On this issue, do you really think you can pull 10% of the shares together, to call an EGM, ??
In December 2019 at an investor meeting, RY heard P Mckay tell investors that the updated 2018 drill figures would be public by year end.
18 months have passed and nothing, not dissimilar to the AH update, 6 months and nothing, you could be excused for thinking you've been misled. I have contacted the company on 4 occasions asking for sight of publicly promised records and am yet to receive a reply to all my correspondence.
Take note Mr Young, you are imo guilty of some if not all of the following.
"Fiduciary duty is a legal obligation of the highest degree for one party to act in the best interest of another. The party charged with the obligation is the fiduciary, or one entrusted with the care of property or money.
The three fiduciary responsibilities of all board directors are the duty of care, the duty of loyalty and the duty of obedience, as mandated by state and common law.
The fiduciary duty is the highest standard of care. It's acting in the best interest of the client, stakeholders or beneficiary in all situations, even if those decisions are contrary to your own interests.
An example of a fiduciary?
They include lawyers acting for clients, company executives acting for stockholders.
A breach of fiduciary duty can give rise to civil liability. Civil lawsuits can have significant financial consequences.
The most common penalties for a breach of fiduciary duty are compensatory damages, punitive damages, double or treble damages, fees, costs, and removal of the fiduciary.
Because of this high duty of care, breaching fiduciary duty is considered very serious and can result in litigation.
Both the board of directors and the CEO of any business have a fiduciary responsibility to the business's shareholders. The fiduciary duties are legal concepts that form the basis of a CEO's legal relationship with his company's owners.
If the board of directors or individual board members have breached a fiduciary duty to the shareholders, the shareholders can bring a lawsuit to protect their interests.
Examples include,
Denying shareholders access to records, fundamental information and details pertaining to company value,
Misleading or false information"