Finally something, good that they followed the rules even though a bit late, maybe some of them are reading the hotcopper posts and got a little worried that we were making noise that they had not announced to market the german listing.
My first thoughts are how much did they need to pay Axino Capital for the dual listing, we are going to be severly low on cash now, with 1.8 mill left last quarterly, and with the burn rate around 800k, that was before having to pay out the new CEO with yearly salary 300k+ and now Axino Capital for the dual listing and marketing. I cant imagine we have much left in the kitty. If the MOUs dont come through which really doesnt look like it will (given we are in the month they said it would be done by, and we are trading at multi year lows with hardly any volume going through, and then radio silence from the company.) Also now with this alternative strategy to China, basically allowing for things not panning out with Saudi MOUs. Writing is on the wall imo regarding MOUs.
I just hope the marketing is enough for the share price to get a bit of a pump before they do the next raise. Raise will be coming in next couple of months imo.
SRN Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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