I thought the 4C was solid if not spectacular but was reasonably...

I thought the 4C was solid if not spectacular but was reasonably comfortable holding even if I had/have concerns around management.

The CR could have been a positive if it was to fund a particularly large project or new client but just to have as "working capital" didn't gel with previous rhetoric coming from the business. As many others have mentioned, the insider loan to IME on overly generous terms wasn't annulled as part of the CR either, and frankly that was the final straw for me. I took the opportunity to bail yesterday around 44-45c

Another consideration for the next 12 plus months is the fact that, with "only" 400 million tradeable shares they have over 500 million coming out of escrow. That's a lot of churn. Then there's about another 250m options then there's yet another 250m shares being issued as part of this raise.

It's all too much for me so I'll move on for now and maybe buy back in later. Naturally you have a longer investment horizon than I do so your situation is different