Might be about time to stop blaming PLL for this company's...

Might be about time to stop blaming PLL for this company's capital issues.

1. The raising of $65M for NAL was telegraphed ... even I could read that and I posted in the other thread yesterday.

2. The raise looks like its just over 10% for shares 1,111M shares at $0.18. Now what I TRULY DONT UNDERSTAND is, IF (a big IF I guess) everyrhing is so "great" why can't SYA BoD get a deal done along the lines of what say GT1 did (wont use the obvious comparison). Place the equity with (another) cornerstone investor ... not sophitisicated flippers or funds (that may have be short ... now that would be an issue) ... and place it at a premium (like with GT1). Place it with someone who isn't going to sell it or lend it for shorting. Place it with someone who has an interest in the long term success of the company.

3. Of course NAL is running at a loss at present. It has no revenue. SYQ is funded by its shareholders (SYA and PLL) which is why I keep saying those SYQ OTA which generate cash flow ... that cash flow remains with SYQ until SYQ BoD determines a distribution to shareholders can be done. Tivk to @TAKEOFF

IMO this BoD has plenty of explaining to do ... might be a different AGM this time around ... might have to drive to Brisbane (?) and get answers "eyeball to eyeball".