UsnoozeUlooze: There have been two recent capital raisings each at 2c. and each taken up by " sophisticated investors".
You would think that they must have seen more than just a glimmer of hope for the stock to attract their cash, yet, if they are still holding, they are a couple of points away from folding.
The company says progress is delayed by technical issues, but in a place like the Philippines, it can also be a matter of getting the right prominent family on side, or similar side issues- basically who stands behind the cooperative front window.
The brothers simply don'r inspire confidence. With Cross, however, there seemed to be a break from the past but that hasn't eventuated. They all live in the same land of luxury called "Gunnadoo".
PIL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
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