Mightypirate, I have been a believer in this stock for a long time, but unfortunately the reality is that it has no idea when it comes to managing its capital and its stakeholders. Even I have to accept that the cash burn has been a major issue and therefore means we are going to see a raising at a very dilutive price of 5.7c.
Too many announcements without not enough detail - this is just like the boy who cried wolf. Let's just hope they get this raising away smoothly and that we don't see another raising in 3 months' time.
NWZ Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
