These are 2 snapshots from June qtrly and then yesterday preso. Total cash for the qtr has increased by $6mil.
What a train wreck! I'm still trying to make sense of yesterday's carnage..... As the news releases (alone) don't justify the 30% self off. I can only guess that speculating shorters got hold of the stock on the basis of the large capital injection required to fund Federation. It is very naïve of DC to think news wouldn't get out and is another example of him being out of his depth in this role (I voted down the remuneration report). As another posted there is no rush to fund Federation this instant and despite DC and boards incompetence I think the sell off was overdone.
AMI Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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