Yup a couple of million between Zeff, Geoff and Sergio and then a round of private equity raising from their family, friends and associates.
I understand they want to see renumeration for their time and coin already invested - which is fine - but, it was a shit move to rush that MRE out and destroy the share price. The last two annoucements keep alluding to quick ounces being added to the MRE, so why didn't they wait till the end of the year - add those quick ounces - and then release the MRE? Losing their performance shares would of hurt, but 3 months more in the permitting process won't cause any issues. Struggling to get the SP back above the last raise before the next raise will indeed cause issues.
Painful to see at these levels. Great buying if you have the money, complete nightmare if you don't
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Price($) | Vol. | No. |
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