after sleeping on this and taking a very cool level headed approach and re-reading the SPP document
- exceedingly bad choice of statements/wording
- straight out of ex directors playbook
- does not delineate immediate/medium term/long term pay off to investment
and assigning 2.3 mill "for everything under the sun expenses" after various other expenses were listed (!)
extremely unlikely to get anywhere near the money they are seeking
shame - thought they were turning a corner - but no, back to the old tricks and raising capital
Take that 2.3 mill out of the SPP - or give a much better explanation as to use of these funds - and you might get SH supporting you.
How about concentrating on generating income -right here and right now ?? Happy to chip in for additional machinery/plant to service contracts - but not this.
CNN Price at posting:
0.3¢ Sentiment: None Disclosure: Held
