its not a shell, if they dont stop wasting the money on the old projects.
when they spend all the money, it then needs recapitalization.
so, how genuine is the hunt for new projects? then stop spending the money looking for petrified dog doo.
How long have they been beating that drum for?
some people trade the shell, new project wow factor, which works, if they dont need to recap at the same time.
Also, if the markets are in skiddles mode, then that will be a good try scenario picking a decent sector.
A year or two ago, they could have dropped in a lithium asset, and done wonders. But now that sector is flooded, and many leaders discounted to the hills.
TAO Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
