ADN - News & Media, page-134

Exactly. People need to refrain from posting ads

under the 'guise' of news, especially with

mis-leading financials.

Article is 5 months old, and isn't really doing ADN any favours,

so why even post it?


"

We think companies that have neither significant revenues nor profits are pretty high risk. You should be aware that there is always a chance that this sort of company will need to issue more shares to raise money to continue pursuing its business plan. While some such companies do very well over the long term, others become hyped up by promoters before eventually falling back down to earth, and going bankrupt (or being recapitalized). Some Andromeda Metals investors have already had a taste of the sweet taste stocks like this can leave in the mouth, as they gain popularity and attract speculative capital.
Andromeda Metals had cash in excess of all liabilities of just AU$216k when it last reported (June 2019). So if it hasn’t remedied the situation already, it will almost certainly have to raise more capital soon. Given how low on cash the it got, investors must really like its potential for the share price to be up 36% in the last year ."​