Ann: Trading Halt, page-10

No dignity. I really can’t believe how little shame he has. This is why the other board members and CEO left. They have too much dignity to go hat in hand to the market with the track record. But PB has no dignity. He is quite happy to ask for more money after losing every penny he has been entrusted with in the last 3 years.

There is no guarantee this will ever trade again.

If it does, on 5 May before they’ve found an investment banking partner to sell this slop, it will dump hard.

If they do find a partner, they may not sell any or all of the slop, it will dump.

If they do find an investment banking partner, sell the slop to the stupid, and get another year’s running capital (they seem to need at least 9 million per quarter at current spending levels, so they are probably looking for another $50 million) they are gonna have to DOUBLE the amount of shares in the float. That’s a hell of a dilution. Dumps immediately by half or more.

There is no good scenario here. The other guys who left were they only sane people left in the room.

“Fingers Crossed” is not an investment strategy. You may never be able to trade out of this. It quite likely goes into administration once they réalisé they’ve gone through all the stupid money in the market.