PharmAust Limited

ASX:PAA

PharmAust Limited

ASX:PAA
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$0.210 (0%)
Last close price
#52
Rank
8
Held by
12
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Reports (1) My Report Forum Investors
Forum Topics PAA PAA Trading Halt

Pinned straw:
conrad
Added 3 months ago

Some interesting stuff happening in the HC thread ‘Corporate Action’ for PAA.

A bunch of the top shareholders have come out of the woodwork and are coordinating to push for a board restructure, and the reinstatement of Dr Michael Thurn as CEO. Guessing that’s what’s behind the trading halt.

I’m down on my holding, but it is a very small part of my portfolio so just grabbing the popcorn and enjoying the show on this one!
Nnyck777
3 months ago

Certainly intriguing. Lots of grumbling about old entrenched stale Board. Be interesting whether they can get Michael to stay.

I am impressed that share holders can make a difference in these companies.

Looking forward to getting the answer Thursday.


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conrad
2 months ago

Release to the ASX stating that Michael Thurn is back as MD and CEO

Share price up 8-13% on the news.

I’ve got to say, this situation has had more twist and turns than a a Mexican telenovela!

At a high level MT resigned a few months back for “personal reasons”. It seems now that it might’ve been due a a disagreement with the old BOD. A whole bunch of the top shareholders got together, and installed a new BOD which has now reinstated MT

I did triple my (small) position with the view that the SP drop was a bit overdone IF it was due to some politics playing out…we’ll see

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