This time last year share price was around 10 cents before the infamous last minute capital raise of $5 million at 7.5 cents.Twelve months later share price is 5.2 cents and if the capital raise had not happened, there would be $2.6 million left in the bank account today despite dropping work force from around 185 to 140 people.
I wonder what the share price would be if we didn’t buy Silverlink ?
Management are reactive as opposed to proactive. Agree with Meetjoeblack in every sense.GLTAHs.
ALC Price at posting:
5.2¢ Sentiment: None Disclosure: Not Held
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