It would seem these micro caps which operate within a sloppy ASX system will now be facing headwinds as the reality of world events begins to bit.
They have had a free run over the last few years, raising funds on stories with minimal delivery.
Now the speculators are more concerned about their cash than playing the Casino.
If these operators put in millions of their own funds and had skin in the game - different story. But not to be.
The investors take all the risk and in the majority of cases at this end of town do their cash.
Will they raise the funds, I very much doubt it. Will not get my money on a capital raise.
When they create revenue and make a profit, then I will show interest.
Not interested in providing fat salaries and consultancy fees for those "highly skilled managers and entrepreneurs" whilst they promote their "idea"
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