Ann: Notice of Rights Issue Shortfall, page-12

I agree. A listed shell is worth more than the current market cap.

Despite the appalling destruction of shareholder wealth by management to date and having little faith in any of their assets or plans, I think the share price will rise from here purely because it is so low.

I averaged down a lot at 0.02 and am now averaged in at 0.047, obviously a nasty loss but one that I think there is a very realistic chance of recouping, as a market cap of $4m will put me in profit and $4m mc nowadays is nothing.

Sentiment changed to buy as the price appears to be starting to trend back up from a very low base.