With the endorsement and $5m funding from @ParkinsonsUK, @Pharmaxis (#ASX: $PXS) is set to explore potential neuroprotective characteristics of PXS-4728 in the context of #iRBD, evidenced to be a strong predictor for the development of #ParkinsonDisease. https://t.co/Mr478z9uyX
Rich Lister Phil King just commented that a large proportion of the $800m funds management freebie is associated with the Regal Foundation. Grumpy VGI founder Rob Luciano wouldn't disclose the precise figure: https://t.co/PzQerYIzub
David Kingston makes a good point that once Regal merges with VGI, the Regal founders/staff should be charged fees on $800m they have invested in their products. At the moment, it's a freebie & accounts show a $32m cash rebate. Big numbers. AGM still going https://t.co/PzQerYIzub
David Kingston to VGI director Jay Gardiner:
"You've had your crack, you've failed. Why don't you step down?"
Luciano: "You're out of order, Mr Kingston."
Agree that Jay should resign before the end of 2022, once the Regal merger is bedded down.
https://t.co/PzQerYIzub
Jay Gardiner is staying on the VGI board for 3 years and has secured a written agreement that Regal can't sack her over the next 3 years. Agree with Malcolm McComas that this is an ordinary look. Given the woeful performance, she should resign: https://t.co/PzQerYIzub
The McComas-Kingston juggernaut are now ripping into VGI directors up for election for refusing to respond to any emails or correspondence over the past year. Fair enough. The directors deserve this spray for overly protecting Luciano: https://t.co/PzQerYIzub
How much does a corporate car park cost in Sydney? The Kingston-McComas juggernaut challenged 37k spend disclosed on p14 of the annual report. VGI's Luciano at 1st said he had 1 spot, then said it was "1 or 2 spots", then a staffer clarified that it was "currently 1 spot".
Malcolm McComas just equated VGI's diplomacy to the efforts of Putin in Ukraine. He and David Kingston clearly didn't enjoy receiving various legal letters from Luciano's crew over the past year: https://t.co/PzQerYIzub
And finally Kingston asks his question:
"Rob, will you resign as an executive of VGI?"
Luciano: "No"
Now it is the turn of Kingston ally Malcolm McComas, who is going in just as hard:
https://t.co/PzQerYI1ED
David Kingston:
"We gather here today to celebrate the death of VGI as created by Rob Luciano"
"One of the most notorious funds managers."
"$150 million for Rob Luciano, nasty losses for everyone else."
And he's just warming up: https://t.co/PzQerYIzub
VGI chair Rob Luciano is clearly nervous about what David Kingston is going to do at the physical AGM. He's decided to opt for online and telephone questions, plus has suggested a 45 minute cap on debate. Kingston just launched his first point of order: https://t.co/PzQerYIzub
David Kingston vs Rob Luciano will be one of the great AGM heavyweight clashes. Sydney is a tough town and this will be rugged. Q&A is starting now. Anyone can sign on as a guest through LUMI and watch what is about to unfold: https://t.co/PzQerYIzub
Ridiculous that VGI executive chair Rob Luciano is refusing to answer Kingston-McComas questions about the pay practices at Regal, which will own 66.7% of the combined entity. If Phil King is getting $5m a year, this should be disclosed: https://t.co/PzQerYIzub
@MayneReport Regal Foundation is a disclosing entity so, Luciano's response was ludicrous. It's public data Rob, just make it easy for everyone - facts are good.
@MayneReport Luciano asking for $5m x 5...apparently. But he dodged the question. Said no, not me, just a humble employee of the new Regal Funds, reporting to Phil King. Hooray. Grown ups in charge now.
‘Appalling’ Medicare telehealth cuts must be delayed to protect vulnerable amid Covid surge. The ditching of Telehealth consultations is completely unworkable in a COVID-red situation. It rolls back the only great step forward in medicine due to COVID. https://t.co/kHIagdxMxn