"Rather, management credibility would be of more concern."
Exactly.
And, it certainly doesn't sound like there are any contracts - or we would have already seen it in the TH ann. or the term sheet.
I am not against the company raising at all -- but, it's what they say and said and now 'again' - do that is the problem. (ie. no, we aren't going to raise unless we get big contracts - and probably more than one - but, then, low and behold).
As I said - if Bob Brookins stood up and said - 'oh, I have an idea? ' - I would be the first to say - 'how much do you need'
but, if I saw one instagram pic. of him skiing ------------ he's dead meat
I could also accept that brokers and instos might have concerns about capitalization --
I get that stuff - but, for gods sake --- just tell the bloody truth.
This - 'inventory stuff' and 'other uses' stuff -- oh, for gods sake, gimme a break.
Again - the AGM was 3 weeks ago -- 3 weeks.
Now - what do we have?
We have institutions or sop. investors who haven't been buying in and may have concerns about capitalization being offered 10% of stock by putting in their money 'at' a discount -- so, the company is more capitalized -
and, we are supposed to have had our 'seminal' moment of cash flow positive a while back.
Now - what's all this mean for the share price in future?
Will these institutions and sop. investors from here on buy on market because they now are comfortable with the companies capitalization ---------- which they stumped up for (or they say they will stump up for)?
Let me get my head around that one --- they worry about capitalization - so, they get a raise - they put in the funds - so, it's their money that has provided the stability - then, they will do 'what' in the future?
Put a floor under the SP????? --------- like the last times? Right, sure.
It seems that it is just too much to ask for openness, and transparency.
I am rapidly reaching the level of -------------- show me the money. Because at this point - I sure can only see what you actually do as opposed to what you say - and, the two just do not connect.
anyone want a ref. for all this?
here it is
note well the last several bars ------------- rising price with a dropping volume -
do I need to teach people what that means?
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $3.3K | 300K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2072715 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 133 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2072715 | 0.009 |
3 | 4111222 | 0.008 |
3 | 349012 | 0.007 |
3 | 544500 | 0.006 |
1 | 300000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 133 | 1 |
0.011 | 768054 | 5 |
0.013 | 240000 | 1 |
0.014 | 134311 | 1 |
0.015 | 431158 | 2 |
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