Ann: Atlantic Secures $41.7 Million In New Fundin, page-6

re: Ann: Atlantic Secures $41.7 Million In Ne... So I got TOU'd for pointing out the emperor has no clothes (or cash). No surprise there I guess, but it still hurts.

Last time I got TOU'd was a month ago for "rumor mongering" about a big cr imminent, or insolvency in days. Turns out I was waaaaayyyy off....like by a few weeks.

I can't believe you ATI holders with your blind faith in the MD. What exactly has he done to earn this loyalty? Please someone share a story because I'm curious.

What I see is a guy who told us in Sept that all was okay, just a minor delay to spend $250k in minor improvements before commencing production. Turns out that was way wrong. Then in Dec saying the $20m just raised will see ATI thru to full production in a year. Wrong again. Now going back to the well again 3 months later, and filing a set of accounts showing a big working capital deficit at 31 Dec, just a few weeks after raising $20m! Do you realize what this means? There must have been a big working capital deficit at the time of the share issue, and it wasn't disclosed! I'm having trouble believing anything the MD says, and I'm not alone there.