Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-19

''100% MRs fault the company is in the current condition. Should have put it in a trading halt/suspension at 10cents then raised at 5cents. Stupid tellin the market the raising price then letting it trade the discount away.''
Hi , certainly was amateur hour , and certainly beyond the abilities of the underwriting firm they used.
However , it seems that not much has been learned .
Now , it was pretty obvious that a raising would be necessary soon , but effectively saying so in the quarterly , with no guidance , again leaves the share price in the wind .
As soon as the deal had fallen over , suspension and raising should have been immediate.
Who knows what the next raising will be at.
I wonder if a merger with MR's other vehicle , ERL , is on the cards , as both have market caps that struggle to support their respective costs of management?
cheers