It staggers me that an investment can simply lose close to ~8 1/2 10ths of its value from the 'company transforming' blah, blah, blah and there's still a few people yabbering on about its value. What??
Preliminary report - Annual report - Cap raises - con notes - SP has absolutely crapped itself ... where does it end?
Accumulated losses exceed 35 million - that's ... $35,000,000.00 (HY Financial Report) and they screech about a pitiful amount of 'receipts'. I simply don't get it!
Oh well ... if you feel down about it just have a chat to someone from the company ... that ought to do the trick.
And FYI - if you bought in through the 'company transforming' blah, blah, blah for 3.5c (which initially was going to be 8c - that was a hoot) the SP will need to appreciate by a mere 600% just to break even.
And let's not even bother discussing opportunity cost.
CGB Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held