Stop trying to stoke up your down ramp mates to talk up CR.
Simple fact is, I doubt they could raise at these levels, so stop wasting your time trying to further scaremonger holders in to a raise any time soon.
It's not happening.
Nor are financed for 2018 even if there's no further revenue (which there will be plenty coming soon - in my opinion).
I have asked the question again, and been told NOTHING HAS CHANGED.
So give up trying to get creature and the rest of the syndicate to reply.. they are already busy with their own AB1 raise that was announced this morning - bit of karma for the CR rubbish being posted here.
Whenever the next raise is, well down the track, rest assured the price will be much higher so they can raise a proper amount, once things are up and about.
When you lot keep posting about CR all year, even 2 months after the last raise that funds 2 QUARTERS.. you always conveniently leave out the next R&D..
The last 1 was $1.26m (and they borrowed a bit).
When is the next R&D.. September?
Assume it's towards the same amount.. say $1m to be more conservative.
ANOTHER QUARTER.
Funded for the year, and obviously things change dramatically if we ever see a big financial institution with meaningful upfront and ongoing revenue.
I've finally received a chat today, after seeing a big holder dump somewhere around 13-15m at once I think - haven't had a chance to look at the last t50 yet, working late.
It wasn't anyone I know, and there's not that many others with that size holding.. so we assume it's just another that's lost patience, followed by some panic sellers like usual.
Looks like someone bought a stack at .6 on chi-x before close anyway.
Just looking at the trades now, a big chunk were dropped over quite a few seconds, rather than all at once.. I wonder if it was the BNP holding.. I don't believe the underwriters would be dumping any. There are a couple of other big holdings it could've been, but we won't be able to find out until Thurs.
Anyway, there's no chance at all of a raise this quarter at least.. and things will turn once these deals finally start.
The Thomas Cook pilot alone will soon be decent $ job too in my opinion.
Otherwise, it's all extremely hush, won't talk about any pending deals etc, like usual.. and they can't announce anything until they're done. So it's just holders losing patience, and I know 1 who had to drop a chunk a couple of weeks ago to cover bills/loans.
They're quietly hoping the price remains this low for a few more days until they're in a position to get a chunk back before things pick up.
If I wasn't already completely ruined from this debacle, I'd be buying up at .6, that's for sure.
We just have to keep waiting for the re-rate when proper news finally starts flowing.. or take the chance to jag a bargain at the perfect time?
Somers/clients surely wouldn't be happy.. but assuming they're still holding all those shares (they were last week), and have some idea what's coming, I'm sure things will turn very quickly when they do.
We won't be seeing anything stupid like creature's 30c+ massive upramps (while holding/trading), but I still expect to at least see 3's again this quarter, when the real revenue news does finally land.
4c this quarter
Let's hope today's drop, along with no doubt already massive pressure on Paul/Nor, sees a sudden increase in news flow and updates.
(20min delay)