I had mixed feelings when I read today's announcement re the proposed capital raising at $0.008 cents per share.
The subsequent market buying at 1 cent is, however, encouraging.The sooner we clear the backlog of sellers the better.
It will only be when this happens that the company has any chance of moving forward.The first positive step was to cease the excessive payment outlays. Clearing the sellers is the next positive step before the fund raising has much hope of success.
As I said before. today is encouraging and a step in the right direction. Behind the scene action is happening at long last and I give a thumbs up to the new directors and staff.
Cheers John
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