Why did it take the Board 19 days to deem the alternative offer as being unacceptable?
This company is a joke.
It is imperative now that if a CR is required by shareholders, that it is accompanied by:
1. A detailed prospectus styled PDS so we can understand exactly how much of the the funds raised will be going to management versus how much will be going to the project.
2. Detailed information as to exactly what constitutes the $450k "Project Evaluation" spend in the December quarter and the $500k forecast for the March 2017 quarter, with specifics as to how much was spent on Pak.
If management want to raise via CR, they should be obliged to justify this $950k
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
