Here we go again with this totally unexplained and uinjustified demand for a cappital raise.
By what rule of accouontancy etc does a company have to have more than $69m in reserves, and by what rule is this related to its share capital isatuion or markert capitalisation?
Could we have some specific answers please instead of these vague references to how you think the company should fund its routine operations? You always fail to give answers.
Are you a follower of the Donald Trump school of commercial operations that apparently can't budget for its operational costs - and when you run out of money for the next project you just renege on paying your dairy farmer suppliers like Murray Goulburn and Fonterra?
Well, A2MC doesn't work that way, and each year it racks up sufficient funding to increase its annual operations without having to rush to the bank or to its shareholders for petty cash.
As for this pathetic suggestion that shey've got to be carefully putting money aside for its court case, let\'s just wait and see about that but I think you are in a minority of about three non-believers in the science of A2M who are probably in for a big surprise.
What are these "lots of things" you say need to be addressed to strengthen the balance sheet, and could we have some figures please? Where has the company been seen to be unable to handle its requirements? Why are you so incapable of providing details?
If the company has a specific case for increasing capital, I'm sure it will be able to let us know. Not just saying there's a non-shareholder, non-supporter of the company who stands on the sidelines subverting it who says it needs more than $69m in the bank to save it from - from what? Give us a break. Or at least somefacts.
A2M Price at posting:
$1.73 Sentiment: Hold Disclosure: Held
(20min delay)