Hi R
I was a big holder for many many years and have formed the following view
- The current board has inadequate commercial experience to close out deals
- The product may be ahead of its time , which makes it hard to sell ( think the late Syd Londish)
- The stock is now an absolute punt , and i think may investors are under water, you have to be very gutsy to put more money in
- There are other good opportunities out there in more compelling areas
- A capital raise will just keep the staff employed..and the directors are not investing so why should we .
I am no longer a holder..lost $65K on this c RAP
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- ASX - By Stock
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- Cap Raising - Q4 FY21
Cap Raising - Q4 FY21, page-4
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