solco recharges the future, page-3

Good to see Steven Cole purchasing over 7m shares. Generally promising when directors are buying.

The capital raising will increase shares on issue by about 42 million. 7 cents seems a reasonable amount given that the share price has been relatively range bound a good 1 cent clear of that figure.

Although it would be nice to know exactly what $2.95m is needed for at this stage. What is their cash burn rate at present? I guess we'll find out in about a week when they release their 3rd quarter commitments test.

The other question that still remains is what will Richardson do when his tenure is up at the end of June?