needle, the company had to easy tasks to perform....release great results, sell these good results, let the market appreciate how good the news was, allow the SP to run a little and then announce a new capital raising. This was not too difficult as the results would have sold themselves.
Instead, management/board decided to drown out this great announcement within minutes and announce a further capital raising and a further dilution of shares.
Weeks later, no one is talking about the Ph II results but only talking about the SP and its current pathetic last trade price of 37.5c.
Only an incompetent CEO and Board could achieve this sort of stunning result.
A year from now the Board will once again decide that the share options awarded to JG are so out of the money and given the fantastic role JG is performing, it will cancel the old out of the money options and issue millions for new in the money options.
In the meantime, who is looking after the shareholders??
KZA Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held
