I see at the agm they are asking for the right to issue another 50m shares at 80% of the last 5 trading days price .
They also announced have a debt facility a while back up to $1m where the facility swaps to shares at 80% of the price.
At the cuurent price of .004 thats a potential 50m shares for a mere $150k raising .
I would much prefer the board to take up placements at .008 at the last raising price before that.
At a burn rate of more than $150k almost every quarter since it came out of administration theres been a lot of shares issued but hopefully with this new low the ships is close to heading north.
I hold a small amount from when they were over 2c.
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