One of the many reasons the stock is at 1.5 cents: NO BOARD!Who is overseeing the strategic vision of the consultant CEO, and approving his $200k+ in fees?
From what I can tell, the Board is ABSENT, with zero shareholder representation and down to two people:
- Andre Godin, Chairman of the Board (and president of IntelGenx, whose stock is down 51% in the past five years)
- Michel Timperio (whose stock, NEPT, is down 80%!)
Facts:
- Both are friends of Aurelio...can they be impartial and protect the rights/interests of shareholders??
- Both were part of dumpster fires in their own careers...see this article:
https://www.technical420.com/cannabis-article/neptune-wellness-is-a-company-that-cant-figure-out-its-corporate-identity-and-is-a-bonafide-dumpster-fire/#
When was the last Board meeting? Any minutes available?? There is absolutely zero oversight nor governance...
In short, this company is not meeting its minimum requirement of a functioning Board!!!! Yet another reason to stay a MILE away from this sham of a company.