As a holder it been very painful to watch this slow slide downwards. Risk/reward looking a bit more in the balance, I still feel strongly that the GT3000 has what it takes to dominate the market, it's just a case of getting it to the market before the company runs out of cash.
It's a worry how poorly supported the last CR was, another CR now would be very dilutionary. The salary of Nanne has been discussed before, but with the company's back against the wall, it's looking criminal.
Shareholders have been badly treated, we're given scant information but we're looking like the last avenue for funding to get this thing to market - if a CR is needed i'd participate (it's a micro cap with big upside so I can't really get that upset about it) but I'd want assurances that the directors were taking up 100% of their entitlement, and possibly even forgoing their salaries given that a very sizeable chunk of our cash burn has been their pay checks.
The company need to start putting out some strong position statements on anticipated time lines and cash flow (even if it's just reiterating what we know already and stating that they're confident the drill we be back in action soon), otherwise the silence will just leave the market to assume the worst, push the SP down, and make any CR even harder.
NB I've put my sentiment as hold, mainly because I'm in up to my eyeballs, if I was new to this stock though, the current price is looking like a fantastic entry.
Add to My Watchlist
What is My Watchlist?