Agreed. Their total lack of transparency, communication, and fudged figures is just a disgrace. Like you, I'm so far down that there is no point in jumping ship. I'm stuck with this dog for years to come, maybe 3 - 5 assuming that the company survives, Libby Roy's turn around strategy works and the company returns to profitability.
With the additional $43M of insto raised funds ($66M in total), at least Roy has the funds she needs to implement her turn around strategy, even if she dosen't get the full $80M. Time will tell if she is successful.
I've averaged down by picking up a parcel at 0.375 cents.
In for a penny, in for a pound.
Ann: Capital Raising, page-46
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