Capital raising at these levels is suicide - it will be the nail on the coffin so to speak.
In saying that I wouldn’t be surprised if the directors decided to go down that path. I personally believe we are being fooled with what the real current position is - I almost think the management are driving the price down on purpose... god only knows.
All i can say is that most of us here have lost quite a bit - me personally paper loss somewhere around 80%.
All we can do now is wait and see where this all unfolds and learn from our mistakes.
CCC Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held