If you go back in time - 19 May 2016 - their key distributors took a placement of $7M or so at $0.21 per share - which is oddly similar to the capital refurbishment of $7M fully expensed and given as a reason for reduced sales. So they have core distributors giving a vote of confidence in the Company (CEO's words) that the Company has quite happily torched. So I wonder that money even made it into the Company, which would be an interesting question of auditors. The Pet Chairman won't tell us the truth.
XPD Price at posting:
4.2¢ Sentiment: None Disclosure: Held
