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2.33% 8.8¢ cirralto limited

This announcement doesn't ingender investors confidence!Is this...

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  1. silver01
    480 Posts.
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    21/06/11
    21:49
    Post #: 8569147


    This announcement doesn't ingender investors confidence!

    Is this issue of shares to Duchess Capital or other fundraising?

    The liquidity of MOT must now be surely under question, as $68,100 raised just prior to end of financial year must be due to severe cash burn. This casts severe doubt as to the viability of the company and dilution to shareholders.

    Cheers

    Silver
    IMO DYOR
    MOT Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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