Mimmo,
Fact an analysis of the register showed only one institution came on and like all other PAC clients they were all but gone one month later. The chair of course denies this fact.
Talking with a number of highly experienced people, well respected brokers and institutional investors in the field, beneficial institutional investors do not come in on heavily discounted capital raisings; rather introductions, outlining of solid plans and evidence the company is executing effectively. This of course takes time to occur maybe 12 to 18 months or more.
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