Wasn't going to post any more for some time but I couldn't resist.Any cap raise that falls short, especially a small one like this is an unmitigated disaster and no up rampers can deny it. The only two reasons and I repeat, only reasons punters don't want to participate are if the price struck is too high or if there is no confidence in the business.
Its very clear that there is no movement in the epa stage coming for some time because vrx are still putting together their response and punters don't believe that the sp will hit 18c in a few years either.
That really shatters me. I'm so p... d off with the whole management of this company.
It reminds me of Venezuela. That country has one of the world's biggest oil supply but because of "mis management" the country is in financial ruin.
So a word of warning
@arion, just because we have a bucket load of sand at our disposal, that doesn't necessarily relate to $$$.
If those crazy uprampers in blister and co try and explain that the shortfall is a good thing then they need to go back to investing 101
Its strike 1 for me for sure.
Imho & dyor
