Was hard to see it coming because they did a terrible job at keeping the market informed regularly and honestly.
E.g. We dropped from 40c to 20c for seemingly no reason. They then announce that there has been significant flooding and they need to raise more capital. I have no doubts those selling did know. They should have announced the flooding immediately when it happened. This is all after saying we were "fully funded".
Similar thing then happened again and more capital had to be raised for another f*** up.
They should honestly be in jail in my opinion. Looking after rich mates and collecting huge salaries to do the single worst job of management you will ever see in your whole life.
PNL Price at posting:
4.1¢ Sentiment: None Disclosure: Held
