Agree, but with over 75m shares at way less than 10c what would their target be for a stock like this? 20c? 30c? (If they're lucky with further dilution down the road).
Even if it ever makes it 15c, Teenage Mutant Ninja Turtles have probably bagged a couple of times over.
At that level, most shareholders would still be massively down on their investment.
Ann: Launch of $4m Accelerated Entitlement Offer, page-24
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