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Wrong. If any pre revenue company wants to survive it needs its...

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jiska

2,863 Posts.

216

21/03/23

11:11

Post #: 66875125
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Originally posted by Paulfool: ↑

If you want any pre revenue company to survive, then these entitlement capital raising are the only way that can happen. Buying on market doesn't have any positive impact on the company.

I honestly thought that Bob wouldn't do his usual and raise at some huge discount and crush the share price like has done multiple times since late 2019.

But this time has outdone even himself.

Already sold before this raise but at a 94% loss would not have mattered.

Sad to see what looks like a very promising and badly needed technology get mishandled so badly by management.

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Wrong. If any pre revenue company wants to survive it needs its loyal shareholders. Loyal shareholders are created with regular communications and good management. If you treat them with contempt, your pre revenue company will have no funds to become a revenue company because no-one will be willing to invest more capital.It’s pretty much business 101. Look after your investors.You’re inference that investors are the problem here is, quite frankly, laughable and shows an inept understanding of how business should be conducted.

IBX Price at posting: 1.6¢ Sentiment: Hold Disclosure: Held
17 Upvote

2 Great analysis

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