The big dump began Friday afternoon..no surprises given the quarterly..73K left in bank even after received R&D tax incentive 400k..and they are going to spend 400K this quarter...not including administration??????in short this outfit has less than 2 weeks of cash left...thats TWO WEEKS....yes we see the shares about to be issued????
It now seems as of late Friday the dumping on .001 has got momentum and id say by 11am Monday morning none of us will be able to exit until the 80 for 1 consolidation...well as seuss has stated this has been a spend of huge proportions from 4 million down to 73K and nothing really to show for it...ie they have relinquished so many projects...New Britain, Golden Peak,Poi, Legusalem, Manus,....
As the saying goes.....""""Fool me once shame on you, fool me twice shame on me""""....
FOY Price at posting:
0.1¢ Sentiment: None Disclosure: Held
