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Agent Cooper

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16

05/05/16

14:12

Post #: 17685700
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Originally posted by HHanzo ↑

This is a public company that has raised $7 million from investors. This is not somebody's backyard pet project.

As for everyone expecting "too much" well for a company valued at $20 million (well it was yesterday) I expected more than a brick box.

As for me there is no "proof of concept". Show me the video of the machine building this seamlessly and with no mistakes and that is "proof of concept". A photo of the box doesn't tell me anything. They could have got a couple of brickies in to do that, how would we know? How do we know bricks weren't mis-laid consistently and someone was putting them back into place?

And to think its that easy to trigger a milestone and issue oneself more shares.......

THis is so far away from commercialisation. If it takes 2 to 3 years the dilutionary effect caused by the millions of dollars in capital that need to be raised will IMO result in a very poor outcome for existing share holders today.

Given the magnitude of the selling yesterday and this morning there are obviously a few big shareholders who think the same.

It makes sense now that one of the substantial shareholders sold every share in the first couple of days post listing. The stock was reinstated on the 18th November last year and Dominet Digital Corporation sold every share by the 19th.

Obviously thought there was no need to be there as there's plenty of time to get reset (if they wanted to get reset that is).

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HHanzo....that brick box would make a nice "sweat box" in a Concentration Camp somewhere....I have had several good belly laughs looking at those pics from the ASX release. Mind you - this picture does represents proof of concept, and someone got given a swag of shares as a result (you have to go back to the listing docs to see how many were to be issued to the vendors, but it was a nice pile).

I wonder if they still hold them...

Okay - gotta go. I want to look at the pics again.

FBR Price at posting: 2.2¢ Sentiment: None Disclosure: Not Held
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