Agreed - certainly looks like the cash coffers are drying, why else do this.
This is starting to smell like smoke to me.
Hope I am wrong for shareholders sake, but I really pity those that bought in above $0.02 only a few months ago on the back of all these Cornerstone Investors and funding agreements which somehow just seem to never come to fruition.
I am glad that the royal banking commission has a reccommendation for ASIC and ACCC to do more.
GMC Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held