Ann: Suspension from Official Quotation, page-3

Yeah not good. Raised $8k in the capital raising but, from memory, they spent $50k on the capital raising itself. Net loss of $42k and a distracted managment for the last 3 months. Absolute debacle.

I feel for the company employees (except management) who have likely done nothing wrong yet now look to be facing a bleak future.

The tradegy being, I suspect it all could have been avoided if they had done a reverse stock split first.

Not sure if they have the access to the funds to keep operating long enough to do it the right way or if existing investors even have enough faith left in management to participate in a capital raising after the reverse stock split...

GLTA