Unbelievable.
They burnt up $3-4M in the last 3 or 4 months?
Was it their Xmas parties?
Dave, what have we done mate?
I got a 6 figure sum of their shares.
I got thrashed. I thought I did as much homework as I could. All looked good and sound with the figures last from the last reporting period.
Net asset backing looked good. Cash position looked good to continue operating. Burn rate going forward was good enough to continue to run to the end of this financial year it seemed.
The preference share issue seemed to be going well in the US with Caymus.
Then all of a sudden, they halted on Monday. No warning, no continuous disclosure, no nothing. I dunno what's going to happen now. It's all in the hand of Ferrier Hodgsons. Does anyone know if they're any good?
I still can't believe it.
A class action against the directors can't be ruled out if they die.
Surely someone's done something crooked here.
BGN
bresagen limited
suspension from official quotation, page-4
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