Ann: Request for Extension of Voluntary Suspension, page-9

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sevo

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10/12/20

12:31

Post #: 49481892
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Originally posted by Bwatson: ↑

Very disappointing. 48 million raise, straight after a 65 million raise a few months back, and providing as little detail as possible.

And the final insult to long suffering shareholders.. a laughable $5 million SPP.

I'm selling as soon as this opens tomorrow. Not keen to spend another year getting diluted and not even having the chance to average down.

Might come back in if this heads into the low 30's (which seeing their trackrecord, might happen).

SOP sector, full of empty promise. KLL atleast looks like it has learnt now, but these blowouts don't give me confidence in anything whether it's RWD,AGM,APC,SO4,KLL...

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This raise is pretty close to what I predicted below.
Will they pay off the bridge and look elsewhere for finance? I doubt anyone else will be keen without approvals but it’s a possibility.

https://hotcopper.com.au/posts/49197762/single

SO4 Price at posting: 48.0¢ Sentiment: Sell Disclosure: Not Held
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Ann: Request for Extension of Voluntary Suspension, page-9

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