Ann: Completion of $6.3m Placement and Corporate Update, page-47

  1. 204 Posts.
    lightbulb Created with Sketch. 34
    Day of reckoning. Hype machine has run out of gas.

    Management unable to land a deal, accept a deal and scale up their business. Way to slow to progress business plan.

    Aspirational business model was never feasible.

    Raised millions off shareholders.

    CRH Ventures walked away.

    Questionable whether their scaled down business should be listed or valued at this current price point. Delisting or administration a real possibility now.
    Last edited by dmuk: 27/03/25
 
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