Do you not think it's a worry that they didn't have the nuts and...

Do you not think it's a worry that they didn't have the nuts and bolts of the cap raising sorted prior to the halt? Elephant in the room here is that some investors who may have once been keen to invest pulled out, leaving management no option but to prolong the halt as they scramble for funds. It would be fanciful and extremely wistful to think otherwise.

The last lot of investors who stumped up cash in May @ 35c have only seen their investment halved...unless of course they all sold out in the week that followed...hence they weren't cornerstone investors at all but rather another lot of pump and dumpers. True cornerstone investors wouldn't have let the price drop from 35c to 18c if they truly believe in the stock.

This next raise can only be at a discount. What's the consensus on this?
16c?
16.5?
17c?

Fact is that no local brokers are interested in any Aussie G stocks (other than Shaw's affiliation with Syrah due to Tolga Kumova once working for them). So funds have to be sourced from local investors who are close to the stock, close to management or from overseas.


I hope the stock turns around as the sector needs all players firing.