"Just to be clear I have no clue why SM let it roll along in the background for so long" -
Incompetence / ineptness / hubris?
"I do look back at the rights issue for 15 million and wonder if shareholders had participated whether we would be where we are today ... get that the sp was tanking at the time but I doubt anyone expected 5c"
That I agree and have called this out in the past - dumb retail is dumb retail gets, upset with sophs / instos getting cheap shares at 10c and look at us now with zero on field to date.
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