Ann: Trading Halt, page-126

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18/08/23

14:14

Post #: 69419721
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Originally posted by Dimitri1111: ↑

To be honest for once I'm actually happy with the newsflow. We knew there would probably be a cap raise so lets not pretend we were lied to. If you read the last quarterly and didnt think it was at best 50/50 then you need to go back to school.

Lets just consider the positives here:
1. It is a pretty small raise (under 15% dilution worst case)
2. Most of it is going to strategic partners and we get a share
3. It means we wont be raising again until we build tech (unless management is really doing something despicable.)

I am happy with this announcement, it may be bad for the SP short term, but it means its out of the way, they will have capital to get through to the next time they need it, and selling options at 10c to retail is smart as they then cant dilute until we are over 10c.

Also today things are red and grim but maybe next week the market turns a little and we don't drop at all. It seems like we wont know until Tuesday anyway.

I see a lot of people bagging out the management team, I agree this probably could've been better done but I think what likely happened was a delay on R&D funds they didn't anticipate or some unexpected cost took them too close to the red.

The fact this is open to retail gives me confidence, Every time I get screwed by real scumbags (looking at you Brian Granzien) they design everything to hurt retail as much as possible. This seems to me like a reasonable raise to fund working capital not a give the lads extra shares to dump on the peasants raise otherwise it would all be at 5c to some undisclosed fund like Regal Capital and it wouldn't be a halt for 'planning and execution', we would just get a notification the shit was falling from above.

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To be honest... I agree with you 100%.

QPM Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
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