Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-162

It’s not hard. You round up the instos, agree a discounted price, and sell them a bunch of new shares. Then, the next morning it appears in the AFR and shareholders find out some time later.

The thing is, these directors objectively squandered great opportunities to do this. Here’s a post of mine from December 2021 after these dopes literally said in an ASX announcement that they didn’t have enough cash for trials, but then offered nothing on where the cash was to come from! I’ve described this as pricking our finger and sticking it in the shark tank. It was suicidal. Every little wheeler and dealer on Collins Street must have had dollar signs in their eyes when they saw these mugs swanning around the ASX with our money falling out of their pockets. This announcement should have been accompanied by the announcement of a simultaneous CR which at least ostensibly helped bridge the funding gap.

The thing is, I wasn’t even the only person on HC stating the obvious. So if this was readily apparent to lowly retailers on the internet….why not to the eminent PR and his fellow ASX directors. Check out the naive hope in my post that they had something up their sleeve. Check out the SP at the time. It’s actually heartbreaking.