These clowns are treating investors equity like an unlimited overdraft facility to pay their bills. 150k for what exactly? "In consideration for corporate advisory services to be provided." Someones xmas bonus maybe? What a joke.
Still whats another 50m shares when you have 1.5b on issue and trying to raise nearly twice your MC in a single CR and dilution of another 2b shares.
All stinks of a last minute money grab. CR will be a massive failure, they will be lucky to raise anywhere near 2m let alone 6m. Still the damage has been done, especially when they start issuing even more shares themselves at the (what was suppose to be) discounted price.
Someone stick a fork in it, this turkey is done.
Kat.
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