RE:30% Interest on personal loans from insiders? - WOW I agree with you on all points...
Some board members who "resigned" are now chairmen of various "committees" that were created (look on website) ...some of which will oversee the salaries/compensations of board members ...who in turn will determine the salaries linked to those committees ...in short, this seems like they changed 4 quarters to the dollar... Committees were created for "independent" (quotation marks from the website page) parties per NASDAQ requirements ...seems like board members departed so they could still be linked while they go for the NASDAQ listing ...which was supposed to have already occured...
The whole house/corporate office very much bugged me as well. Even "maintenance fees" of $57K?... Not to mention the other ridiculous rent charges and bogus arrangements...
Whole FDA thing requesting more information in the data provided ...one would think they would have been ready for this when submitting to the biggest agency one could think of. Plus, they even hired a specialized firm to help them with their DeNovo application and you'd think some data pointed by others here would have been part of the orientation meetings they had with FDA pre-submission ...you would think they would have had all the necessary information on the first submittal.
The heavy volumes just before CTO suggested insider trading... And recent volume spikes from last week suggest the same before information was posted on SEDAR on Friday evening ...my take is that the main shorts did what they had to do and then got out in time unlike what some might want to think here...
There is even a committee on Ethics ...you would think other board members and CEO (it's their job!) would have picked up on all of this a long time ago...
CEO still in place after all of this... And still CEO of BOTH (!) CVR Med and CVR Global... That in and of itself appears as a major conflict of interest to me...even in the CVR Med vs CVR Global financial arrangement done a few months ago...
All the delays and re-dos and additional financing will just further dilute retail investors who took the biggest risks in the first place ...and we know what attention they've been giving to retail investors who have been trying to get some information during a much too long blank ...no one managed to get anything. Plus there were many major decisions and updates that should have been made public during this period which were not. Last bit of info getting posted on SEDAR only on a Friday evening at 7:30 ...what a way to try to fly under the radar...
Not liking much of this... I like the idea of the CSS and some here have indicated that they managed to try it and were convinced of the actual machine (which was also reviewed by some major hitter third parties in the field) ...but not liking what management has done or even how they have restructured this. You can try to give it any spin you want, but there isn't any thoughts about the retail investor (or any investors) into any of this or all along...
This keeps on getting more and more the signs of a boys' club which none of us longs here have any part of, but are left to hang at the door. We want you to pay for the entry fee to the party, but we don't want you at the party...