As I see it, management now has to build the share price back up to the Capital Raising value of 20 cents through sheer hard work and value growth (ground lost) in the coming months to redeem themselves and put some faith and belief back in the company.
The fall of value from 20c to 12c is around what some people lost.
It appears Chairman Bert is the devil/manipulator he is made out to be but management went with him and this is what they are going to have to do to restore the trust in them they had built up.
" 20 CENTS " to restore the holder's confidence.
Just my view as a holder.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-24
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