are we bleeding money?, page-4

I'll look into it. Chart looks good without digging too deep.

Yes, very similar to INT. If they place 25% at 0.1c then we wont get off that canvas. I just don't get it. We struggle to place at 0.2c and the overhang will last months, yet they already thinking of raising another 25%. Thinking of salaries? I can't see how they will find buyers.

Maybe it's under the table deal. CPSS take a hit now at 0.2c with gaurantee of shares at 0.1c to sophs later. So they can average 0.15c and free option. The only way I can see underwrites turning a profit.

A line of equity provider looks like the next step and the similarities with INT will continue. Possibly even a proposed consolidation although we were spared for this agm.

I've emailed John to tell him my disgust. I understand having the 15% their for an emergency. But this additional 10% in our current position is not a good look for new investors.

I honestly hope they don't get 75% votes on this matter.

Quarterly out on Oct 31st at 7pm?