Well what a pathetic exercise in which they were lucky to raise a paltry $130k - especially when the SP was mostly well under the 1.1c offer price - what else did Directors expect with exactly nil support in the market and no underwriter.
The much heralded AIM broker Mirabaud Securities Ltd did absolutely zilch / nothing ....... probably received a fee ? for sitting on its hands and introducing nil new share holders.
It seems to me this is the first stage of an attempt to just let Pala Investments take control of this Company by stealth for minimal price and effort - Pala have lent funds to the Company at a "generous 12% interest rate" - wow what a bargain !!
Come on guys lets get real and make something of this Company and its assets rather than watch it being given away !!!!
What has happended to the external funding package being sought ??
Not happy Jan ..
Well what a pathetic exercise in which they were lucky to...
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