Well said Rover52 !!! An unseemly amount of this Companies finances were spent on Administration. Noted by the fact the previous M.D. was paid more that paid to the President of the United States. From where I sit shareholders would be foolish (no very stupid) to participate in any capital raising.
Rather, they should be seeking the sale of all assets and closing down of the Company, with the return of all funds to Shareholders. Plus, seeking additional recompense to redress past matters through regulated Authorities. In particular, the handling and wastage of shareholders funds that funded the previous M.D. massive salary. The the extent this was trickily self arranged by taking unfair advantage of Shareholders, by sucking them in, under the guise of less than transparent pie in the sky plans and assumptions that never eventuated.
VAN Price at posting:
0.8¢ Sentiment: Sell Disclosure: Not Held
