to raise 1.5m @ 5c, page-16

From what I have researched this stock has dissapointed many many people for a long time. You might still get set as they have an appalling convert deal that actually incentivises the jolla crew to drive the SP below 2c as they get paid 4.75% for each day it is below and can convert at a 20% discount. To be honest when I read it I nearly didn't buy - I hope one day to understand why they signed this - I can only think they were that desperate. It does appear that the buying is starting to overpower the sellers so maybe some of us have got lucky timing - we will see about that. I never begrudged the people who arrived in RRS at the last minute to rip some cash out - many of us were there for years and it paid off in the end. Some get lucky timing and some don't.

There is no doubt that the idea of coaldry and the demand for the end product will be greater than you and I can imagine - I question the capacity for such a small company to crystalize the opportunity before them - the Tincom deal is just the test case that provides a platform to something poetially worth hundreds of millions but the probablility of success is still correctly assessed as low. There is no reason why it couldn't be valued at 100m or 200m market cap right now but that would require a healthy cash balance and tight share register.