The balance sheet doesn’t look great, which is the reason for the cap raise. In and of itself that’s not a good look, especially hot on the heels of the last CR. But what helps me sleep at night is that Cameron Beavis is a man who’s been there, done that, and cashed out. He came in to this company late in the piece, and has already taken up his full rights issue for this CR, on top of his original investment. The day he loses faith in this company, is the day I do.
ID8 Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
