StageZero Life Sciences Ltd T.SZLS

Last 2 NRs

[NewToInvesting7]

Extremely disappointed with the last 2 NRs from StageZero.  With a $25m credit facility available to draw from, plus the options that the BOD has that can be exercised, why is there no money to pay auditors?  Something does not smell right.

If you are managing the company and get paid a hefty compensation package (~C$500k for JHT), why not exercise some of your stock options, even if the exercise price is higher than the current SP, and use the funds to pay the auditors?  Do you not believe in the product you are selling?   

I do believe that the company has a product to sell that will generate revenues, but James Howard-Tripp has failed us yet again.  After this, I would strongly suggest that the shareholders vote out the entire board, save maybe Rory who has some skin in the game.  

Cheers!

[4real4ever]

Smell CCAA   They sell nothing so no need to believe in their products   Even Rory have to go but you'll never see that before BK  

[NewToInvesting7]

Doubt we get there.  While StageZero may qualify for CCAA based on total liabilities, I do not see shareholders voting to approve it (if it even gets to that point).  Don't forget that a significant amount of the liabilities are compensation related and the company has access to funding.   Plus any competent Monitor looking at this would see right through JHT's BS

[4real4ever]

No votes are needed for CCAA   Even with $25M if it's true they can do it