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28/02/22
16:54
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Originally posted by caredes:
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The only thing I have to admit here is, why put financial pressure on when it can be resolved. If Fred was getting ready to raise after a very positive annoucement, he would be out there presenting to the public, discussing enhancements etc etc getting the share price up but he is not. No news otehr than required offical ASX info. So eitehr he has done a deal with Earth Mountain to fund the first product or he has this from a potential first cutsomer. The reason i say this, given we are sitting at $18 and a previous high of $32 odd, even if great news came out that they are producing or have a first customer, is the share price really going to bounce to $50+ a stock? I just dont know why he doesn't raise $10-$15m and take the financial pressure off
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I think if he raises then it will pound the SP and he and the balance of the top 20 have the biggest dilution. if he was to raise their is a loyal following that would pile in but 10m+ might be a little tough as no one really knows the state of play. We just need to pray the end game includes the little retail holders. He clearly has a plan and a timeframe he is working to, my money is on a sale.
Last edited by
brick6 :
28/02/22