Still peanuts when you take into account that the mortgage over the processing plant is probably up to circa $10mill by now and not to mention what they owe other creditors $5mill+?
IMHO the only thing these small raisings are doing is keeping the regulator at bay, reality is the monthly salary bill will eat up most of the $200k if they are actually paying salaries at the moment.
IMHO I suspect as more than circa 50% of the shares on issues are held by the Top20 that they would probably be trying to save/ protect their investment by stumping up aid money.
Still waiting to see this "Superior" deal to materialise!
DYOR My thoughts and ramblings only
CTO Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held
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