Will not drift to that price immediately as you need to be the holder at a certain date (I think 18th March) I decided not to hold and bailed out as the management and board of this company are horrendous. Unfortunately I participated in teh last CR and then after a few matters occurred realised how terrible they were (it started with the MOU's and a few other matters). Then the line in the sand was that terrible bridging loan.
I am lodging a complaint with ASIC in regards to teh loan as I reckon there is more behind it. Literally paying like 60 - 70 % interest... take a look at the details and all the costs associated with it.
Also then take a look at the holdings of management in teh company.. most of them have barely any shares other than performance rights. I think only 1 has a decent holding.
Here is my summary of managment on another platform
