Ann: Placement of Shares, page-26

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Linkman19

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15/09/14

20:51

Post #: 13978181
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Originally posted by FERGUSG ↑

TJ - please don't make baseless accusations…if you want to understand the background to the Kronos actions, read the statements of claim that were filed by both Kronos and APG. Kronos appears (from APG's SOC) to have been underhanded and self-serving in their actions, and (some could construe) tried steal the technology.

APG may not be the best at budgeting and project managing plant construction (as Kronos claim), but don't continue to make uninformed (and potentially slanderous) accusations about what management greed in an poor attempt to support your hypotheses.

Did you ever stop to think the reason the plant isn't finished is because they don't have the money to finish it. The big problem is we run at about $250-350k a month in admin/working capital expenses…which is the reason we need to (needed to) vote down the renumeration proposal at the AGM. Don't blame management for shareholders continuing to approve the largess we provide…that's on us.

And the fact that folks are still willing to stump up cash at above market prices…what exactly does that suggest to you? Folks have so much money they are happy to just burn it?

I'm as unhappy about the delays and continued capital raisings as anyone, but the alternative is not pretty and I trust that a deal will come, eventually.

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"Did you ever stop to think the reason the plant isn't finished is because they don't have the money to finish it"

YOU CANNOT BE SERIOUS?????? SURELY????

I just can't fathom somebody writing that comment, i really can't. That is what the last 10-20 (literally!!!) cap raisings have been for!!!!!! Every one has been accompanied by an announcement saying "funds raised will be used to complete construction and commissioning of plant". And after all these raisings being completed to finish construction and completion of the plant you reply to another poster "Did you ever stop to think the reason the plant isn't finished is because they don't have the money to finish it"?? The worlds gone mad.

APG Price at posting: 1.9¢ Sentiment: Sell Disclosure: Not Held
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Ann: Placement of Shares, page-26

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