Great discussion going on here !
From my own perspective the problem with this company is “management” and their insatiable appetite to issue “ever more shares” at “lower and lower prices” simply to ensure “their own wages” get paid all the while diluting the share value from loyal shareholders.
Can any long term shareholders tell me what value this management team has created for them ?
From what I have seen occur here - I for one would not invest in any company these directors were involved with.
Ann: Variation to Loan Agreement, page-25
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