The thing that absolutely puzzles me is the lack of foresight.
I mean, in all the time they have been discussing the relisting not once did I hear them address the fact this would not be possible without raising more capital. Of course, even blind Freddy knew this was the case. But, why did they seemingly gloss over it, and then release the mother of all quarterly's.
It was as if someone came up to GV, tapped him on the shoulder and said, "you do realise we are nearly out of money."
It's as if it suddenly emerged to them that you need money to remain a going concern. Did they expect to be permitted relisting only to be insolvent months later..
If this thing goes under, which looks more likely by the day, I will be one bitter SOB for a very long time.
The loss of capital is one thing, the loss of opportunities focusing on this stock for over 6 years another. But, more than anything, is the deceptive reports, updates and promises that were never founded on anything of substance.
Regardless of success or failure, GV is not of standing to remain head of this company.
Overall, even if there was an incredible turn around, I feel like I have been taken for a ride. It has taught me an invaluable lesson, but unfortunately the cost has been dear.
GLTAH
Ann: Quarterly Activity Report and Appendix 4C, page-52
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