I hope they had a plan in mind when they asked for 10 mil instead of 6 mil. Even if it was simply to keep thomgs running i would be dissapointed. Raising that much at that much of a discount seemed like they were in a rush to get something over the line. The fact hockongs or whoever changed the terms so it appeared they would not be as liable for the undersubscription as well as the extensions makes me think that whatever the initial reason was may have fallen thro as usual but they were in far enough they just went ahead anyway. If that is the case its just more frequent flyer points now?
Seems almost insulting that they give monthly updates approaching the cr and even go as far as sugesting they are not seeking cash, yet not even an update in eofy st a tement now. I guess major holders know what is happening and stuff the rest of us?????
PYC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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