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clock Created with Sketch. 21/04/21
03:58
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Originally posted by iminvestor101:
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Agreed. Why would investors pump in so much money over time and not get any returns back unless they were selling on spikes? Maybe opportunity cost too high or tax offset or maybe just the opportunity to buy lower. Sinclair is in at average .039 from memory (could be wrong), recent raise at .037 for 35m, before July’s spike, the volume was practically fractions of today’s daily volumes. EV of today closer to ~27m including imminent R&d refund. Yet they continue to spend around 3.6m per quarter and I just wish I was smart enough to calculate some sort of ROI in that expenditure..
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We can all also hope that some positive plans relative to PBT2 might be imminent and be part of Stamler's motivation for this action at this time. I'll keep praying...
(20min delay)