Your never ending ramping the last few months can safely be...

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Burge13

824 Posts.

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29/04/24

14:53

Post #: 73561282
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Originally posted by $$$$$$$$: ↑

Support is gone,
people expected more details in the quarterly of what the heck has been going on,
As well as why results have been delayed,
Some for around a Year.

Some expected an explanation,
Others an apology for getting it so wrong,
Perhaps some sort of reason why they said "coming weeks"
When it has been many months.

Also why they said on 9 March 2023 over 12 months ago:
"look forward to completing the detailed laboratory studies on the samples collected during the trials and reporting preliminary results in mid-2023.”

It is now approaching Mid 2024
and it seems likely that all the results will not even be in by Mid this Year,
An entire 12 months late.

Really they need to explain why they said coming weeks and mid last year,
Missing those timelines given,
Yet never giving an updated timeline,
Or explanation of stating they expected results that have not arrived nearly a Year Ago.

Sentiment has been destroyed due to so many incorrect statements about timelines,
Not to mention their incredible ability to spend money on wages,
Even in times when they are waiting for results,
And are not really doing much.

It would be great if it gets to market eventually,
Not sure moving at this glacial pace is going to get it done anymore,
Happy to be proven wrong though.

Then there is the raise that needs to happen,
That everyone was told results would already be released before it was required.

Now we know that it will be required before all of the results can possibly be released !!!!

If everyone were kept better informed being given realistic timelines,
And updated properly when things changed
sentiment may have faired better.

Holders were not updated and it seems the timelines given were not realistic
as they still have not been achieved.

Anyhow it seems likely that the SP could continue to fall,
The raise may be difficult due to shareholder sentiment being destroyed,
And many not wanting to take part.
It also destroys the value of their current holdings and dilutes their shares.

This raises the question of what price they could possibly raise at?

Looking at the loss of support it may well drop to 5cents or even slightly below,
The with a discount for the raise it may well be somewhere in the 3cents range....

This has really turned into the never ending story,
Even going back over 20 years....

Expand

Your never ending ramping the last few months can safely be scaled back now.

Nothing but a lifestyle company

BIT Price at posting: 5.6¢ Sentiment: None Disclosure: Held
16 Upvote

3 Great analysis

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