I hate to burst bubbles here but we have heard this all before, year after year. Also, they are at pains to say they are not close to a deal and it may not happen. Typical (West Perth) small cap that is there as a lifestyle company for directors - raising just enough capital each time with the promise of some flimsy hope while securing their directors' fees get paid. And should, by some miracle, they do do a deal, current shareholders will be diluted extensively on the vend and that is even before they raised capital for whatever they say they are going to do. In short, this is a write off for existing holders - just a shame we could not be liquid this tax year for the write off.
I hate to burst bubbles here but we have heard this all before,...
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