At the last bonanza announcement a few months ago the SP was 70 cents, soon after they do a CR at 20 cents, effectively taking money from existing shareholders to pay debt. Now another offer at just 2 cents.
In another couple of months they will need more money and the CR will probably be at half a cent. The only thing this management is good at is mining the pockets of share holders that have stuck by them.
Still room to go lower IMO. Current holders may as well hang on in the hope they might do the right thing by shareholders, not much left to lose now for those of us that got in around the last "bonanza"
TAM Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
