It seems that the market has,correctly,anticipated the further...

It seems that the market has,correctly,anticipated the further dilution proposed by the company:it knew that without decent sales figures,the liberal issuing of shares would massacre the SP.Once again,I was wrong and the market spot on.
Here's why the SP will remain stagnant[if the resolutions are passed]:The matter of 72,771,315 shares at 0.16c to sophisticated investors:any SP rise before this issue will be stopped and reversed by the very annoying sell-off that has always occurred.Then,if that doesn't completely smash the SP,might not the 36,355,657 free attached unlisted options ensure it happens.However,the greatest affect should be the 500,000,000[15%] share placement proposed.[Already the extraordinary amount to be issued suggests that the product has not been selling well]If,before the 'progressively alloted' placement commences,the SP has not moved far from 1c,we may have to endure a SP way below 1cent,for many months.
Does the proposed name change suggest some need,for the present board,to distance themselves from past board's 'method's'?Perhaps it might be a good idea,indeed some do think that past management has overdone the 'free lunch' concept.
Quite simply,this roll-out of product is costing far more than anticipated by most investors[not all!].One has to 'break eggs to make the omelet',so alot more money is needed to further the roll-out:long-termers understand the need to this,we just would like to see all that money going towards building this company.

As I've suggested before,next year would be the earliest that such development could occur.Investor sentiment will remain negative for the immediate future.The delayed listing hasn't instilled much confidence in the investor-will it really go ahead in September?

Unpleasant reality is that this will remain a 'bottom draw' stock for some time;but that's the risk everyone takes with these micro-caps.


Good Luck All Holders