Don't you know these companies live to take money from mum's n...

Don't you know these companies live to take money from mum's n nub's via capital raisings?

i had this stock 2006-2011 roughly - options after that until 2015. Most of that time a plaything - but you know each cap raising is dilution for cash that disappears down the rabbit hole. Anything is a better investment than spec stocks like this, and this is a relatively good one!

initially it was around 10-20c at highs. I think that's $4-8 before the consolidation, or compared to today's 60c. My last involvement was selling PENOC around 2c or 80c at today's value - that was six months before they expired worthless. Still, I made 100% profit.

that was the end of my PEN addiction thankfully. It's simply gambling on a sinking ship that stays afloat with a band of fools and dodgy brokers/spruikers getting those millions for the 'directors' and their buddies, so they can keep sipping coffees and do 1hr week work in fancy offices before they pick up their kids from private schools.

Living the dream at the expense of Aussie noobs and dads, and the occasional old fhool.