Oh good. More nothing comments.
First, CR needed to happen now or it would not have been able to occur until some time next year. Check your ASX rules. I've been in this for years. The company has gone in 6 months from a f* all market cap to circa $50m. Prudent management would raise funds to ensure growth can occur. I've seen plenty of stocks not raise, falter and then have to raise significantly lower. If the stock hits the 10-15c range, I fully expect management to do another small raise and so on and so forth so that it can fund growth.
Secondly, the CRO/VISA deal is in progress. It was/is at a stage where it could be announced. The suspension does not equal better or worse. I imagine the lawyers are crossing their t's and dotting their i's.
Thirdly, if CRO cannot make the announcement, but there are individuals who (potentially) know too much then CRO must halt / pause / suspend. This is appropriate. STFU with your 'bad management'. Both times suspensions have been required involved third parties; there's a limit to what CRO management can do (especially when dealing with someone like VISA). Muppets like you confuse people with little trading or ASX experience. https://www.asx.com.au/documents/rules/gn16_trading_halts.pdf
The VISA deal is a positive announcement / development. How positive depends on the terms; we will know this when it is released to the market. Until then, everyone should stop with their random, biased opinions up or down.
NF
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