I think your assumption that every other shareholder is as positive and enthusiastic as you about dumping more money into the company is quite possibly wrong.
I definitely would be very reluctant to dump anymore of my hard earned money into the company after their horrendous track record which appears to be still continuing even after the ‘change’ in the CEO.
In fact, correct me if I’m wrong but I think even Russell doesn’t seem to be putting his own money into the company if you check all recent past capital raisings. I think previous capital raisings from existing shareholders didn’t manage to raise very much at all if I recall correctly.
They need to secure a deal ASAP as the company is running out of funds but I don’t think it’s as simple as you’re making it out to be. Just my opinion.
SEI Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held