ODE 0.00% 0.3¢ odessa minerals limited

CR8 Overview, page-47

  1. 17,535 Posts.
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    @gordongreggy youre right mate - I'm wrong.

    The PE funds which seeded the company with Series A & B funding & sold out for a 10m valuation (250m @ 4c) are also wrong.

    The management team who built the company & also sold it into CR8 for 10m is also wrong.

    The US market who didn't want to pay any more for the tech - otherwise they would have listed there are also wrong.

    My mistake.

    Don't get me wrong, I like the potential the company has, but for now - with no progress since the RTO, it is fairly valued.

    Sure values always overshoot higher & lower ... But it is what it is.

    If it was worth a whole stack more, the 3 above mentioned groups who do this every day, would have paid / received more than the 10m they did for the tech...

    Calling me names or saying my posts are BS doesn't change the fact that the original seed funders & current management accepted a 10m valuation for their company by way of 250m shares @ 4c.

    Perspective.
    Last edited by Wise_One: 13/12/16
 
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