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Ann: Change in substantial holding from PVO, page-39

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Werble

494 Posts.

53

28/02/19

22:07

Post #: 37612065
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Originally posted by supertramp ↑

Oldmarty,

The current board:

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.

Expand

I bought during the raising last year and made a sweet gain on it

of course it was a temporary one due to the trial result

ke sera I knew what I was getting into wasn't the first (pbt iil) and won't be the last failed trial I will end up holding through

FTT Price at posting: 0.4¢ Sentiment: None Disclosure: Held
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