Geoff, thanks for your honesty. A lot of experienced investors were caught on this and some big money has been lost by a lot of people.
I remember the grades they used to spruik, they were outstading hits . That's what sucked me in . But i had been through the Blackham BLK disaster, which made me cautious, so i only put in $500.
I believe this is a sophisticed sting .The promoter gained much experience from an earlier company. He got a front man. Also a highly experienced ex-stockbroker, with probably derivitive experience. They set about making a mokery of ASX trading rules , causing mayhem, and likely hundreds of millions damage to investors.The consolidations were a disarster to shareholders .
If they get this cap raise away , this is going to continue on.
Look at the pitiful markt cap of 1.3 million - when they attempting to raise 2 million in the cap raise . They already got half of it ,as it's underwritten
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