Remember some 15mill shares have been issued recently at around 16cents average, that should have added some $2.5mill to the cash account, provided they were paid for?
Seems some $8mill is a lot of cash to burn in the past couple of months, unless the money has gone to downpayments etc for aqcuisitions? Clearing roads and erecting "security huts" at catabola wouldn't be overly expensive i would have thought.
I'm bullish on CVI and hold tight, however, tranparency is becoming an issue.
This will need to be corrected before the type of investors we and MS would be hoping to attract to the stock are prepared to get on board in any meaningful way IMHO.
Cheers.
CVI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
