I agree with all you say here , however the company has a history of selling the idea to the market that we are almost there .
Fred had no choice but to prop the company up with more money as it would have been doomed without it.
the disappointing thing here is that he has taken the said money from PET .
now I am not a fan of coffeehead, but he suggested months ago that Fred WOULD DO THIS . I for one at the time thought no way .
but it's happened and coffeehead was right. is it from desperation or is it from the fact they are very close .
it's a 50/50bet imo , only time will tell .
coffeehead has written that they can't tap retail holders for cash , but I expect they can and will in the very near future .
it's the only way imo they can raise cash now .
will be interesting to see if we get any update in August .
agm requires 28 days notice from my understanding of the rules .
so hopefully sometime this month we get that notice .
good luck all even you flat white
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