Aka - when you say chubby is right, which part of his rambling are you referring to?
"a capital raise pro rata to existing holders, say at 10c a share in order to right the ship and buy some time to search for new partners is in order, as well, capital burn needs to be reduced to the barest minimum as well to conserve value in the circumstances
management needs to search for new projects to build wealth if the current projects are incapable of attracting funding support on favourable terms
bring in the administrators and call it a day
nuff said
irvine is dead as a dodo for all intents and purposes
17cents a share and moving in the wrong direction (unless a miracle happens - but you would have to be a plv faithful to expect miracles)
now expect a low ball takeover bid from the chinese that will take plv private with no management changes and with a retail holder base left to ponder what might have been"
1. The cap raising
2. Buying new projects
3. Administrators
4. That he has said enough
5. Irvine is dead
6. We are 17c
7. We will be taken over and tony will stay in charge
He has quite a few bases covered
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- in tony we trust
in tony we trust, page-51
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