Ann: Response to ASX Price Query, page-76

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Boots'n'all

646 Posts.

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23/03/23

12:36

Post #: 66920591
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Originally posted by Benny^18: ↑

To all the posters harping on that they have lost trust in Coby and management, you do realise that the SP drop yesterday actually worked against the company? Had the drop not occurred the raise could have been set at a higher price with the issuance of less shares.

Coby has been nothing less than superlatively honest and transparent. Take the raise for what it is, development to fast track to commercialisation. This is good! You need to spend money to make money.

Several years ago when Coby announced the share consolidation (1:25) I wrote to him a scathing email outlining how bad I believed it was for the shareholders, which he respectfully responded to. I have apologised to him many times since and in hindsight, could see that taking it to account the bigger picture, was absolutely in the best interests of the shareholders. The share price since has been evidence.

I can assure you that the raise was carefully considered by management and only done with the best interests of shareholders at play. Keep in mind that several of management are T20 shareholders and certainly want the share price to continue rising.

We will look back on this raise as good for the company and the last few days of retrace will be a minor blip on an exponentially rising graph.

Good luck to all, but please take a chill pill.

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"Had the drop not occurred the raise could have been set at a higher price with the issuance of less shares."

Yep - the double whammy!
Poor choice of people to do business with indeed!

As Julia Roberts would say....

WBT Price at posting: $5.54 Sentiment: None Disclosure: Held
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