Just like to add, the olive branch from management following the last raising (chairman's letter 11 december 12 )implies to me (true or not) that it was more of a security blanket i.e 'just in case'. Lot's of talk of weighing up the 'decision' to raise further funds in that there was some possibility they could potentially survive without it and their was a choice to be made. Please let me know if I've missed anything in between this. Any capital raising at this point would result leave them with zero credibility (accepting this is all relative for the long term holders I'm in around 0.28 average).
I liked today's announcement a lot.
GBG Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
