Well it is a good company making money in Australia, but losing...

Well it is a good company making money in Australia, but losing it in the USA to hopefully make ten times more money in USA. At first, we thought that no Cash Raising would be needed, well that was my impression i got when I attended at the AGM 2 years ago. Then suddenly out of left field recently they suddenly decided to raise cash at I think 70 cents if i recall correctly. The cash raising was at a good sp given current sp but it surprised us all as to the WHY?

Some/most assumed it could relate to Aussie revenues stalling or cost blowouts or slower uptakes in USA. Some on SkyBusiness believe SFI might be a competitor or technology is changing. We still don't know why but there might be another better reason they don't want the market to know about just yet. Large holders would not be concerned with sp dropping because once another year or two passes and better results start coming in then the sp might start rising again to possibly over $1. In meantime, there appears to be no rush to hold stock until other uncertainties like the rumours from glassdoor are better known or understood. Inpatient buyers would not buy in now. Thats my take on NEA at moment. DYOR