You didn't know for a 'fact' that this company would make you rich when you first invested, however you assessed that the chances were acceptable, based on the indications coming from the company.
Why do you accept positives on indication but demand negatives as fact?
On the balance, companies which fail to meet their deadlines for CR are struggling to raise the funds.
Those which met their own deadlines were the ones that weren't struggling.
We very rarely have 'facts' to work on when making investment decisions. Even the financial statements can have flexible interpretation of fact and need to be scrutinised carefully. So more often than not we just have indicators to work with.
When was the original ex-date for taking up your rights offer?
There hasn't even been a replacement timeline offered yet.
That's a good indicator of how confident management really are of raising the funds within a certain timeframe, which tells a very different story to the one you will get if you contact them directly.
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