Yes the amount of dilution to raise more capital @ sub 1c (which they will need) will be eye watering for them to proceed to operate the company. Add to that the lack of any large interest - I think all the evidence anyone needs is seeing how the recent placement went. 1400% (14 bagger) from here is improbable. Management have run it into the ground, very rare to come back from that. (IMO)
Unfortunately our friend likes to drop these 'fomo' inducing snippets, which by all accounts hold no weight at all. And he wonders why we're calling him out.
@Watermelon7, you either have insider information or this line is pure speculation. Take your pick. We know it's not insider information though, as you've not been on the mark once yet - so IMO you should re-word your posts so as to not make it look like you know something that the market doesn't. Might keep you out of trouble one day.
GLTA.
SPQ Price at posting:
0.6¢ Sentiment: None Disclosure: Held
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