Adams needs to be replaced It's been stated so many times that now maybe some may finally choose to believe that Adams has ZERO interest in creating shareholder value. His whole business plan is to keep repeating the same mantra over and over claiming they can do things that clearly the market doesn't believe they can do while he continues to kick the can down the road to ensure he and all
his cronies that he hired continue to get a paycheck while the competion passes them by.
If things were as "transformational and exciting" as he's stated they are (for the last two years), why the need to continually do cap raises with terrible terms and at suppressed sp levels causing endless dilution?
Why do insiders own virtually zero stock in the company?
Why do investor emails and calls never get answered?
As of close of market today, Inmed's stock price is $3.13 US or $0.095/share prior to the reverse split. When Adams took over the sp was $0.074/share US (adjusted for the reverse split). A 22% decline! I mean really??
Obviously neither the market nor any legitimate financing company/partner/investor believes a thing that Adams has said.
Basically all of the pumpers have admittedly sold and moved on - which, by the way, is exactly what Adams wants. He wants all of the "old, long term" investors to sell and move on so a new crop of suckers can come and buy into his garbage.
I've invested for decades and never have I experienced such lack of transparency and shareholder communication as I have with Eric Adams. It is truly disgraceful.
Sorry, but its time for a new CEO to steer the company in the correct direction.