Pinned straw:
Investor call re: board spill
During the call, nothing new was mentioned that wasn’t already covered in yesterday’s multiple announcements. The presentations followed a script and the questions didn’t reveal anything new. The only noteworthy point was Rick mentioning that the disruption is affecting staff morale and that recruitment for several key positions (CMO & CCO) are "2nd guessing" the opportunity. He mentioned the impact on the team and morale several times.
Don and Rick both emphasized the need to capitalize on the opportunity to finally make gains with the Sozo product, due to changes in NCCN guidelines and insurers quickly coming on board.
Next week, Don and Rick will be in Australia talking to larger shareholders, there is no indication of how institutions will vote on the resolutions.
Yeah initially I wasn’t very happy with the timing. The thought process from my understanding was there were some people who weren’t happy with the capital raise. Without naming who they wanted as replacements I thought it was petty. However with the announcement this morning new light is shed. I’m sure some people would have more understanding of the people who are gunning for the job.
They are nanosonics grant McGregor and Christine Emmanuel Donnelly from polynovo a non executive director. the other two I’m not as sure about. asx announcement below.
Hi Slew, Metis and SM community!
Geez this board spill is really interesting to watch play out given the board history and the proposed IPD opportunity over the next few years.
Share interests as per the 2022 annual report. Noting SOI is now currently 1.8billion, so bugger all share interests.
Existing Directors - Link to IPD website Information / 2022 Annual Report
- Botanic (BOT) and Alcidion (ALC) Non-Executive Director.
David Anderson (additional Link)
Proposed Directors
Happy Reading!