Share
11,416 Posts.
lightbulb Created with Sketch. 350
clock Created with Sketch. 04/10/16
20:31
Share
Originally posted by NavyGulf
↑
I was in the top 40 but I am slowly selling down now. The priority maybe Morningstar but there are big risks in not progressing Norton first. They will need another $2 Million easy in the next six months so the next cap raising is just around the corner and by the looks will be at 1 cent because it is very hard to identify any positive news that may make the share price rise from its current level (other than a takeover). I am not happy with the way MNM was taken over either - within a matter of three months the entire board left and I have no doubt one of the top shareholders had something to do with it - sort of like a backdoor takeover. Norton in my opinion was a certainty and while initially was only going to be a small concern, it would still have generated some cash flow and investor interest to at least get the market cap up. Morningstar will be a struggle in my opinion and one wrong decision by the board could mean the death of the company. Seen it all before with other companies who thought they could do better than the last lot - I believe IK could have done it because he was patient, cautious with funding and hated dilution and that's why I think Norton should have been first, then slowly progress Morningstar - trouble is to many impatient shareholders, particularly a couple of the top shareholders but what is done is done. Its now either make or break but hey the top shareholders can afford to loose everything, us small long term shareholders cannot. So as the positive news roles in as the company prepares to go into production, I will be exiting, not buying. I have no interest left in this company whatsoever - LOST IT COMPLETELY.
Expand
So there is one holder not happy about the board changes, after all the moaning about the last one, I am surprised there would be any. I think the appoints have been good, a gold specialist (with doctorate) for a gold focused company has to be a good thing.
