Agree with the sentiment, but for a non marketed company they did raise $22 mil (33 million shares) and was two times over subscribed.
Meaning that additional 33 million shares was left unfulfilled.
I am sure that the key players that got the 0.68 placement are using that weighting to suppress the price at current levels to satisfy the original demand.
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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