Hi holders, well my two cents for what it’s worth is im in for 250k shares at a 0.065 average (so yes I’m really in the red here) I think BB has dropped the ball here and the communication has been shocking recently. I think we will relist and probably drift to 2.8.
What keeps me holding is I think Marcus is a fairly smart guy and wouldn’t have left a high paying secure job at FMG for a fly by night operation. There is obviously a massive financial incentive for him and the team to get this off the ground and sell their shares in a few years.
I believe in 12 months the share price will be well north of where it is now. But what I do know is BB needs to pull his finger out and start doing things by the book for investors and the ASX. If he wants to be a smart a**e he should do it by success and a high share price with happy investors then get himself on the front on the Business Review giving it the large.
The credit raise for only 5million is interesting, why only 5 million??? It makes me think they are very close to either finance, NAIF, a deal or all three. Thus only needing operating cash for a few months.
Anyways, this isn’t going to be a good week for nervous investors, I for one will probably try and forget about It and check back in at Xmas lol. GLA
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