Down another 11% today and testing lows we havent seen since the worst that the GFC could throw up. It would seem that the latest round of dumping is as a result of the previously restricted shares being prepped for sale. Wo is me!
On top of the clearly bad deal with GGX, it now seems to be apparent that the company is being readied to be bled dry. It would also seem that the board have taken a position that would be best described as indifferent to shareholder interests and oblivious to the destruction that is being caused.
Sadly, the only way forward seems to be for shareholders (including ESG) to reverse the sentiment and take a hostile position against the board.
Having lost all faith in the board, I can start to guess what may be over the horizon, capital raising at a further discounted price???
OIP Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
