Here is an interesting extract from today's announcement;
"The placement also allows Greenpower to utilise current funds to continue the Morabisi program and
undertake a strategic review of the current asset portfolio and the best way to maximise shareholder
value."
Review of current assets? IMO, this is the ALARM bell. There may be some disposal of assets?
How about this extract from the same announcement today;
"The OHD bio-stimulant has much in common with other fluids on the market"
Does this potentially mean OHD could be disposed off from the current asset portfolio? Isn't it obvious to expect anything from the current management to save themselves from this ugly situation after witnessing such butchered announcements today.
I couldn't agree more with @Glyco also that its time for current management to move on with some dignity.
All in my opinion. DYOR again.
GPP Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held