True guys. Company's like this that live from cap raising to cap raising should be banned from the ASX and make room for company's on the ASX who come for the right reason....to get investors to help build the company.
Look at STI's speal in their announcement wanting more money:
"The SPP will give shareholders the opportunity to increase their respective investment position in the Company at a cost that, in many cases, would be substantially less than their original cost of investment over the past four or five years. "
Very true STI as your share price has fallen dramatically as promises of making money, some profit....sales...any sales.....just has not come through over those glorious years when other company's on the ASX have made profit, grown and delivered returns to its shareholders.
and this:
"The issue price per share under the SPP is $0.01 (1 cent) per share. The issue price represents a 9.75% discount to the volume-weighted average price of STI shares traded on ASX over the last 5 trading days prior to this announcement."
Not for long it seems.
These colourful glossy salesman type running company;s like this that keep putting out "its looking fantastic on the horizon for us and investors" need to be told through the share price to smarten up.
Ridiculous. The ASX should clean up these mobs and tell give them a time limit within listit to yield or buggar off and stop riding investors.
STI Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
