They way I read it. They are running out of money and can't service their debt and pay their expenses and insidious salaries at the same time. 1.9 cents to selected US investors - just an unbelievable kick in the teeth to Oz long termers. This fully explains the constant dumping at the now 25% premium of the today's close.
After the drilling success I still have faith in the acres but not a shred of faith in management. I will not be selling at a 90% loss. And they introduce warrants for goodness sake.
I have put No position has I am embarrassed owning this stock. Those that bought the 2.5 cent placement have already been screwed.
I have sent of an email to the company but what is the bloody point anymore?
SSN Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
