Down 75% on 1st x 5m tranche.
Down 55% on 2nd x 5m tranche.
There 10m investment is now worth 3.5 m
If I was one of there investors I would be saying why are you backing a dud CEO who doesn't communicate with share holders the truth ever.
they have humiliated themselves and made themselves a laughing stock IMO...Just goes to show that these so called Fund Managers are as likely to get it wrong as playing black or red on roulette...in fact, I'd fancy my chances more at the casino
IOR Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held