40,000,000 shares issued at 4c. And for a company supposedly about to turn the corner.
Perhaps you guys who paid 9c (over twice as much as the company has now valued itself) will feel some of the pain felt by the long termers. Not that I wish you any ill. But boy oh boy does this put the pressure on the company. If they don't become cash flow positive as of now, the next capital raising will be free!
What a joke. The boat they set sail in must have had a few holes and is listing badly.
I'm sorry to harp but I'm angry - not at the outcome, that is upsetting, but I'm angry that this company can talk itself up so continuously and suck in innocent shareholders, then virtually give away shares.
JGL Price at posting:
6.5¢ Sentiment: None Disclosure: Not Held