Jeez c'mon Dan - you know that trading is trading and investing is ... believing the story. Fine - each to his own.
Some posters question my motives (undermining, down ramping etc. and all of the other pointless euphemisms that some use as a defence against the harder questions derived from verifiable data.
I could easily brand the pro-posters the, "flat earth society" as they seem to ignore any and all facts contrary to their views. However, I haven't done that - so some reciprocity would be appreciated.
Undermining the stock? Now, forgive me for saying, but that's plainly ridiculous.
Me undermining the stock??
Seriously,
Q. Do you not think that loaning money (unsecured and interest free) to Volcan when they haven't paid back their debt of 1.2 million undermines the stock? Q. Do you not think that loaning money to AGMPL (unsecured and interest free) undermines the stock? Q. Do you not think that an ~86% increase in the Total Comprehensive Losses of 2019 v 2018 undermines the stock?
And there are plans to establish a subsidiary in Asia. Q. How much cash is available to get this off the ground? Q. Will they use cash from the recent cap raise? Q. If so, why wasn't this flagged in the original cap raise documentation? Q. Or, is there another cap raise planned? Q. Why not consolidate that which they said they would do in the recent cap raise? Q. Will the establishment of the Asia subsidiary necessitate international travel in business class for some members of the BOD?
Me undermine the stock? If, I could quote a favourite movie of mine,
"Tell em they're dreaming"
CGB Price at posting:
2.5¢ Sentiment: None Disclosure: Held
