Ann: Trading Halt, page-79

100 per cent correct it’s like been softened up before the Lord Mayor of Hiroshima moment what the &$@& is that !!

If it was a capital raising it would say so a funding initiative can be anything

The problem for listed start ups low on cash falling sp anxious holders is they have to keep finding initiatives going to stay in the game while things evolve

often it’s at the detriment to holders we could list 100 companies here whose share registers are bulging with shares and have either gone to the ASX graveyard or have so many shares on issue they are basically junk bond status

the more shares you load onto a register the more dilutive the outcome

The most successful start ups are ones that generate revenue before they are listed on the ASX anyway

Sure there are companies on the NYSE big companies still not turning profits

We are not the NYSE we don’t have the volumes of trades we are a tiny weeny bourse at the bottom
of the world that affects no one

more shares issued more performance shares issued with no revenue in sight is always a problem

maybe the initiative will be linked to building more machines who knows but they are expensive so a lot of $$$ are needed

maybe there is a first orders book maybe there is direct investment from KSA to develop the machine in exchange for building a city by swarm bot brickie robots

or maybe just maybe it’s tapping the till to ensure 2020 operational costs are covered not sure why that would take two days tho

Maybe they looked at the bank account and did some maths for next year and went oh no quick raise funds