Gave misleading guidance getting the tax rebate so wrong (that guidance cost me $10k personally).
They timed the latest raising at the very lowest sp (0.2c), when the mkt cap was 1.68m, yet over 3m cash backing with the rebate - a raising causing massive dilution which isn't needed. A raising which appears more to protect their position rather than shareholder wealth.
They also failed to spot that vitrogrow didn't work at all.
Last year they claimed to have enough funds to get through the trial. But they didn't and the SP drifted as the market knew a raising must be done. Eventually they did the raising, again at a very low price, so causing lots of dilution again.
So that's four failings at least.
FTT Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
