A winner for who exactly? Management has given a clear example of where any money raised ends up, and it's not in the share price or back to shareholders, or value in the company. Management print and sell, print and sell.
- The company is running on debt fumes
- this doesn't include that the company is 10 million in debt and its capital is 100% funnelled out of the company.
- A MC of 20 million, where it also has liabilities of 10 million in debt. its book value is basically negative.
looks at this in 12 months they raised an additional ~17 million and in that 12 months, they funnel out 17 million in losses.
Year Contributed equity Accumulated losses left 1 2022 $97,251,478 ($97,249,970) $1,508 (99.998%) 2 2021 $80,311,983 ($73,976,567) $6,335,416 (92.11%)
Ann: ArtemiC Listed as OTC Drug in USA, AMC Places US$2m Order, page-47
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