The thing is Fugasi and the reason I’m selling MMR since re listing is DB,s past actions, and the way he has handed the whole Pep11 debacle since 2020, DB,s basically dropped the ball to many times handling Pep11 and also gave Albanese a huge advantage by moving to slow,
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All has Done is endless Cap Raises, to fund his mis management imo, and now he’s stuffed imo because he has no other option because the companies he manages has zero revenue bar Cap Raises and cash burn propping up failing investments and their own Cash Burn!!!!
Each Cap Raises DB did to Soph’s in 2024 smashed the SP of BPH along with exploding Scrip levels now in the BILLIONS, and DB continues to now punishing the SP fast tracking 0.006 now imo, BPH is not going to do a Cap Raises atm because now DB has MMR to milk the thistle, 3X promises that DB will defend Pep11, and which in its self will just be another ongoing Cash Burn for MMR and BPH and again more opportunity cost in the years of delay ahead AGAIN !!!!! and this legal case will take years when your fighting the Federal and State Governments when they have already denied a project both LNP and ALP !!!!
Like is said I certainly won’t be taking part in any of DB,s Cap Raises anymore as a Soph, why would I because for the last 5 years if you took part in a DB Cap Raises you would have been slaughtered cash wise if you didn’t sell with in a short time span of Scrip being in your account, which of course I did to Accumulate, but that oppurtunity has been smashed now because Pep11 has been denied again and the promised ensuing very long legal battle is going to decimate the MMR SP Sadly !!!!
Ignore the writing on the wall at your peril moving forward imo, especially in current tippy ASX market and in particularly the Abhorrent ASX oily penny market in 2025 !!!
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