Looks like a really great shell, and so much cheaper than the last raise price. I've noticed Foster Stockbroking have had a couple terrible raising's previously, TAR was a shocker, and there are 17m shares coming out of escrow(5.25m seed at 5c each?) in December, but beyond those two things can anyone advise what is making this so doggy? Something seriously wrong? or just no need to love it till an acquisition arrives?
Discovery Capital generally do things well, this has flopped since IPO and on listing they gave up their advisory mandate and options...so something nasty gone on behind the scenes? Some wanksters on the board? Did Discovery end up with their 1m shares for $300, are they part of the escrowed 17M? Administration costs of the IPO funds seem high as well.
What do Lowell see happening?
Ann: Quarterly Activities Report, page-2
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