I have just listened to a know nothing fund manager on YMYC saying that if JIN wins an overseas licence they will need to raise capital.
Franking why do people give these types of people money to invest. They have no clue at all. Last time I looked JIN had a $16M war chest, not even remotely close to raising the capital needed.
The fund manager involved has never done his proper maths on this stock which is apparent by his sell video in September. At a guess they averaged $1.25 so they have left a lot on the table at current prices.
It is laughable to say they need to raise capital if they win a overseas licence, If they win 4-5 that may be right be right but I will be the firsIt in the que to give them capital if this happens.....
JIN Price at posting:
$2.25 Sentiment: LT Buy Disclosure: Held
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