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Ann: Placement Update, page-22

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BobLoblaw

3,489 Posts.

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30/12/22

15:13

Post #: 65482648
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Originally posted by TrojanOne: ↑

I'm no conspiracy theorist. In fact, not withstanding FB poor communication skills, he does a remarkable job running/ floating the company with minimal fuss or fee.

However, this announcement is simply embarrassing... the real Covid issue in China occurred only a couple of weeks ago. The placement occurred 24 August. EM lack of payment is poor reflection on Petra capital/ FB due diligence in the process to get money out of China. Lets hope they don't collect the coin if it ever comes flowing! When funding is so critical, this is a fundamental error/ poor lack of judgement on the company (and associate advisers).

I have no doubt, if/ when payment is made, the stock will jump. But we have little insight to this or indeed any other issues with the manufacturing process. Communication remains lacking.

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"The most recent shares to this rich guy obviously had to be at $14 like other shareholders. As per the placement." - that's incorrect.

AKP Price at posting: $9.70 Sentiment: None Disclosure: Not Held
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