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19/09/22
23:03
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Originally posted by bungalowbill:
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We got so used to these cap raises on and off market . Do you remember the two off market raises , Still and the other mob. Then do you remember the CN announcement, that shareholders didn't get a look at apparently because they weren't sophs. The CN's were at a massive discount, some exercizes at 1.6. The share-price flew to over 6 cents then crashed back to 2 cents . That is ; in the wake of a looming 1.6c one for two issue. Once again they are undermining the last issue,IE the CN issue .All the newbies that bought up to 6 cents, got murdered. Now this issue will probably be below what some converted at . There must be a very select few that are not getting burn't in this charade. After the CN issue it came on at 15 cents , and now they are issuing 50 per cent of the company at 1.6c. What a fiasco DYOR
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Classic, the perpetual money raising and share issue machine - but where is all the gold mining ?