RE: Oh dear7 Jul 2022 10:33
We'll end up repay nothing imo, the company won't have held out this long if we're demonstrably at fault. However, we now need to see progress towards a resolution not more of 'we'll tell you what the f@ck we like, ie nothing'. It's long past the point where 'we have a strong contractual position' was sufficient to fulfil your fiduciary to the only people you answer to, shareholders. To be frank it's beginning to stink of this NDA being convenient for both parties.
Shareholders need to put Allmond on notice by voting down his ratification, his ratification can be delayed until he delivers quantifiable progress. He may find that unpalatable and if he does then he should consider polishing up his linkdin profile, CEOs of the calibre he's shown thus far are ten a penny.
He hid away for six months to deliver what exactly? There is undoubtedly some interesting developments in that update but questions need answering surrounding other developments, namely.
Why was coprep 6 months late when it was penciled in for immediate release and then released as a tweet, the first developement since the acquisition of it/is?
Why did it take twelve effing months to get a CE mark on the antigen self test when it was allegedly ready to go in June 2021?
Who OK'd the purchase of £30m of inventory, subsequently written off. Considering it no longer forms part of the counterclaim there's no reason to avoid discussing it by hiding behind the NDA. The then CEO, current CFO and current Chairman must of signed it off without a cast iron guarantee that it would be taken on by the DHSC or NCYT having a fallback strategy for its sale, resulting in the p@ssing away of 40p per share at cost. Conveniently swept under the carpet by the current Board.
We don't want to hear talk of M&A opportunities, get off your asses and do it.
Stop it with the we have a deal with a major 'not to be named' global company/NGO crap.
Take the disgraceful remuneration resolution off of the table, it's an insult to your shareholders. Do you want to face the embarrassment of having it voted down?
While you're at it pull the share buy back resolution, it's a sham. You're trading well below cash yet haven't seen fit to action the resolution that you already had in place.
Our invisible Chairman needs to put his hands in his pockets or frankly do one.
Finally, grow a set and have an IRL AGM you utterly gutless bluffers.
I've voted against his ratification and the remuneration resolutions, it may be pyrrhic but they're my votes to cast.