RE: Probiotics4 Jan 2023 22:18
No, I don’t agree thomas. Hindsight is a terrible thing, it’s always easy to criticise after the event. I don’t have all the facts so I am not willing to make a judgment, I like to keep an open mind. For e.g. some investors have been complaining that Croda is slipping, maybe it is, the question is why? They found enhancements, as I have said before, maybe they have had to change direction because of these enhancements, I don’t know, but it’s a plausible possibility. SA has a meeting this month, we shall know more soon enough, I’m not the kind of person to automatically say, we are all going to hell in a hand cart.
Re the placing, I firmly believe this is for the acquisition and not a keep the lights on. We may have needed £1m until Croda comes in but not £2.5m. The acquisition opportunity presented itself when we are at 16p, what do you do, turn it down, or go for it? Let’s not forget, he raised £2.5m in a market that is basically ****ed, at very little discount, I suggest that’s a miracle.
Does SA have to prove himself, yes, on a daily basis, but that’s his job and it goes with the territory.