Ann: Quarterly Cashflow Report, page-14

You also need to factor in the collateral damage which TSO caused CPO when they released their half baked MRE in 2021 and rug pulled all shareholders.

CPO started off well following their IPO but all credibility was loss and the market viewed the directors as too high risk following the TSO incident. which resulted in a spiral decline which either of the 2 have been able to recover from in over 3 years....

They can regain some credibility if they can secure a TSO takeover. Show they have deliver value. Show they can make shareholders some money.

Ofcourse, they or you may disagree, but they are not the market and the market is never wrong. Step 1 for them is to acknowledge that.

Also, hoping for sentiment to return for valuations to improve is not a sound strategy, if they are going to continue with the current state of cashburn.

I really want them and the project to do well but they appear determined to continue down this path of shareholder value destruction and relentless dilution....

don't know, perhaps, maybe can start with taking it easy and stretch out the funding so they are only needing to do 1 cap raise a year. that would be a good starting point.