Don't know what to make of this. Was a past holder a while back but upon further looking into it I just didn't think there would be enough demand for their product. Their product seems kinda useless and unnecessary when you break it down. The top down sales approach also means the product in my view isn't really proven.
Was surprised by this announcement. Seems like they have lots of cash left even given the high cash burn. If this is anything other than a respected cornerstone investor I would be worried if I were still a holder. Would stink it if was another soph top up below current level unless a SPP was offered.
Given the burn rate I could see this continuing going down as there's more dilution. Very high risk for retail investors IMO. Better value with USA tech blue chips.
Wait and see I guess.
Ann: Trading Halt, page-11
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