Another interesting day today. 1mill shares sold at $0.07. Seems to be a bit off dumping off screen.
Two interesting announcements as well.
1. Response to ASX query about liquidity of company moving forward. Fair question, and one that has been much on my mind. "The company is in the process of raising more capital". SAY does not meet the conditions for equity line of credit. It's in the process of selling some land in ecuador and chile. Maybe sophisticated/institutional.
2. Franco Belli approx 50 million shares in escrow come out of escrow today meaning that shares have been diluted massively - 167mill shares as listed. IMO, Franco Belli bears a large part of the blame for the share price demise (anyone who has seen his shambolic AGM presentations could only concur) so this adds insult to injury.
Better get a move on with that helicopter in Chile. I'm not sure that sending your company secretary over there is going to help unless he's got a heli-pilot license.
We need some positive announcements soon.
SAY Price at posting:
7.0¢ Sentiment: None Disclosure: Held
