I wonder who took up the CR offer at 2c ( in terms of sophisticated investors as i cant imagine many retail investors did after the ISO came out) therefore perhaps some are a bit late in selling as they expected an immediate profit and share price appreciation via the market re-rating the company and this hasn't happened
Perhaps they were always going to sell out post RTO and re-listing- So how was the $4. 026mil derived ?
has anyone else wondered this ?? also the other thing to consider is share dilution as the share register has doubled (approx)
we in a tough market at moment so macroeconomics will be playing a part also - this is whey people have to be patient if they believe the company can get this tech moving - and they should be aware f the risks before investing ( the Prospectus clearly pointed out all those risks ) - we are a long way from 2c now so a lot of holders sitting on losses
