Theralase Technologies Inc. V.TLT

Role of an Independent Director

[Infinity]

I am kind of intrigued by an Independent Director.   Independent Directors are usually appointed to handle conflicts of interest within the management.  On the other hand in a M & A  scenario to generally study and report to both parties.  1. They usually have no financial stake in the company.  2.  They do not report to the current management.  3.  They cannot be influenced in their judgement about the company.  4.   They are expected to make recommendations on the Strategic growth, funding and all the important functions including costs and remuneration to the Management!!

Am I the only one here thinking that an indpendent Director has been appointed by a company that is interested in a JV to assess and scope the future development prospects.

[Gooseybear]

I m very encouraged by the new independent director because of her contacts, expertise and role. It could be that a condition of Rogers return was to have someone keep watch over the ship. 

[99942Apophis]

If we are picking at straws for a reason for the Independent Director let's look at the explosive growth Theralase will make in the stock market. Could another possibility of her presence be from a major Financial firm looking into a large purchase of stock and with that a strong buy recommendation? Whatever the reason all guesses here are because of ability of this treatment as  body

[ScienceFirst]

Simply a normal thing to do given the new level the organization is aiming for.  Nothing to do with Roger.  Part of a normal process at this stage.  This was not required before reaching this stage.   _____________   Gooseybear - (6/7/2023 6:51:23 AM) RE:Role of an Independent Director I m very encouraged by the new independent director because of

[Donein25]

Guys, the Board already has 3 other Independent Directors. It basically just means they are not employees.

[Longholder99]

Adding firepower to the BOD is good.  Some just LOVE a conspiracy around here though don't they.  Casting thinly veiled aspersions on our CEO at this pivotal time when it's all starting to come together seems weak.  RDW is back where he never should have left.  Enjoy the ride this next few quarters or maybe go get yourself a nice S&P ETF if you want to feel like you

[Gooseybear]

People are mentioning on the Yahoo Finance website about TLTF getting a new CEO. Don't you think full disclosure is the proper thing to do? I'm into TLTF long too and wouldn't want anything to negatively influence the shares or future.

[DJDawg]

Looking at the documents just posed for the AGM, it lists the home municipality for each member of the board. Kaouthar Lbiati Boston, Massachusetts As many know, Boston is the main biotech hub in the states. Many startups base themselves there to access VC connections. https://www.fiercebiotech.com/special-reports/top-biotech-hubs I'm not often happy with management but I'm happy with