Talk about amateur hour lol - some here cant even muster up some energy to read TH announcement properly
All is well - they wont do a private placement under 3c that is just stupid. It will be 3.2c minimum IMO to professional and sophisticated investors if they know whats good for them - otherwise a lower share price will dilute the share price too much
Directors buying at 3.2c sets the tone and CR could be as high as 3.5c
Note: i DONT THINK IT WILL BE A RIGHTS ISSUE TO EXISTING HOLDERS because that would take far too long based on the process - we need swift cash via private placement - end of story so we can get on with it!!!
Now in terms of timing well its better to get the money they need for massive growth which i believe is coming so why not fill up the tank now so you can scale up as fast as possibleand go from Zero to one
Anyone read the book Zero to One ??? Peter Thiel (Paypal founder) - if so you will know what im talking about
GLTA
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3 | 185450 | 0.022 |
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