This is a buy out of suspension, it has some great opportunities...

This is a buy out of suspension, it has some great opportunities and in a great sector with strong tailwinds but they need to get their financing strategy and public markets strategy sorted asap. The ipo and escrowed ipo investors have really put this business valuation in a corner and not helped clearly by an auditor that has struggled to get comfortable with the business. The last minute con notes etc should not have happened but rather i would have preferred more investor and retail engagement and then do a cap raise and SPP first plus maybe a tighten of belt. I think we can all see its undervalued and existing holders will have nothing unless they get back in behind it and NGL really need to sharing more about there good work, get eyes on and get investor support. The new director appointment should be championing that along with a financing/capital, given he an Aussie.