RE: RNS8 Jun 2023 09:59
"So lets get this right....you would try to stop a fund raise and probably force the company into administration rather than suggest alternative routes so that the runway is prolonged....i dont know how you can consider that school of thought leverage.
If they could announce a commercial deal now they would, if they could announce one in 2 months they will but they cant magic one up because they shareholders are threatening to put the company into admin.
You need to do better....are you one of the bod"
I never said I would stop a fund raise! Nor do I think I could do better running the company. And I've never said either of those two things and never would. But if someone came up to me and said "pay yourself less or....nothing" I'd know my response. Also, it's something they already know. They know the costs of the company and they know some of it is wage bill.
But here's the thing. If Quadrise were a new company, with everything they have now, all the deals etc, and they IPOd at 0.8p with 5bn shares, that might be something Instutional Investors would be very interested in. It'd give Quadrise all the money they need to do whatever they like, all in good time.
And they can do that. They can issue 5bn more shares at 0.8p. And it would absolutely kill us. And that's my fear. So I'd like to exercise some kind of control over the specifics because the directors of Quadrise are responsible to look after us, existing shareholders. And that's what I intend to do. I don't have the answers. I don't need to have the answers. But I'm sure someone here might, and nothing we say here matters (and nothing we say or write to the directors matters no matter how friendly they seem). Their aims are incentivised to be different from ours. The incentives are that neither the directors nor shareholders want to see Quadrise go down the tubes. But that's where it ends. They aren't major shareholders. We are. And we need to act like it.
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