that forward valuation, without dilution should be...

that forward valuation, without dilution should be $4.70
realistic ?
I think so
But why when all the bean counters could see the business plan was doomed, why did they continue it for years ?
Why did they burn so much money
why did they burn so much potential?
Australian investors have been played
incompetence or worse ?
after the next raise we are at 500 million shares , and a 5 for 1 share consolidation will be necessary, no one wants 500 million shares on the books
what was 6 cents ,will not be 30 cents post split , but will be lucky to be 20 cents