Usual last minute drop of the quarterly by these guys! Only $864k left in the pot, I am seriously concerned on how this company is going to raise funds and keep the lights on!
ASROB's are out of the money so can't seen anyone converting their options. Can't see the convertible notes being converted at 3.6c so that is also out of the question. Share price is in the dumps so I can't see any new investors giving them any money! I don't think existing shareholders would part any further with their money if an SPP was considered, I certainly wouldn't take part in it!
I believe they have only included the below to shut up ASX temporarily to buy time on how they intend to raise funds to keep the lights on!!
I have mentally written off my investment in this junk stock as I am not holding my breadth for them to recover the way things are looking as the future looks bleak to me. This company has turn into total shambles especially since the last 12 months!
ASR Price at posting:
0.9¢ Sentiment: Sell Disclosure: Held
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