The market fears another capital raising with minimal cash in the kitty.
That's why short-sighted punters are selling.
But what we have is the loan to draw on.
We'd imagine, if history repeats, the board will do another stellar deal soon which will send the share price through the roof. Add on news with AoM contracts, the off the shelf Apply Direct product launch, and the implementation of expanded USS energy contract with LPE by end of quarter which
@Mike77 said above to the story.
This management team is savvy and would be foolish to raise capital down here. They know what they are doing, which is why they arranged the loan a couple of months ago to tie them over until everything lines up.
We expect this to be back above 5c soon (lots of news ahead to create fireworks)...and 10c+ when everything's lined up. Out of interest, has anyone contacted management to see what's the hold up with the utility division (i.e. 3P etc)?
To your first million,
-Trading For Millions.
(20min delay)