Thoughts of dilution. Only have just under 2 mil in the bank i would be guessing.
This is really going to destroy the share price for a while. You really have to feel for all those that got in at 20+ cents. I am sure there would be many thinking why didn't they try a cap raising when the price was much higher. Obviously did not have the support from the big stakeholders I would guess.
Currently have 115 million shares on issue - I wonder how many more they will issue.
Time to move on I am afraid - really got to feel for holders
SNU Price at posting:
8.0¢ Sentiment: ST Sell Disclosure: Not Held