Share
2,413 Posts.
lightbulb Created with Sketch. 150
clock Created with Sketch. 19/03/18
01:24
Share
Originally posted by Autosime
↑
The killer is they don’t even bother elaborating what the money is used for . They basically say go read the old announcements , and if you do you will realise it’s going into “working capital”otherwise known as ..... salaries. Now if I was a prudent manager and I knew I had a great GSA about to be signed , wouldn’t I wait until after the deal is inked and SP rerates on the great news, before I raised more capital at such a low and highly dilutive price. Yes I would . If on the other hand I knew a fair chunk of the last CR went to paying off debt and probably some of the huge trade payables outstanding, I knew no real revenue making deal is on the way , I would be keen to raise more funds for my next 6–12 month salary
Expand
IT,S ok donkey ,i know it is a penny stock and a long shot and what i payed for it ,i will not be losing sleep ,maybe i am one of the lucky one,s that is in the green still on this
