The latest 3B placement by the company deserves the attention and investigation of ASIC and the ASX. This was a typical pump and dump of shares.
The issuing of 3B’s by the company is like taking the money invested by its shareholders, and using it to satisfy their cash flow problems. I have seen it happen in other companies, and eventually when all the money is sucked out of the money invested by shareholders, the company then goes belly up.
I have read the all posts, and know that everyone, like myself, are hopeful that the company is about to make an announcement that will set alight the share price. But unfortunately the saying that good news travels fast and bad news travels slow, is very applicable. That is to say, if there was some good news out there we would have heard of it by now.
And the survey says?..., page-9
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