The current State of affairs...
The finance method of last resort is being used to keep the doors open. Watch out for more Appendix 3B's and LaJolla dumping their shares.
At the current share price, any capital raising will mean serious dilution for current shareholders, and a reduced upside.
I strongly suspect these directors will do exactly what they did with a previous company that they had.
COHO Energy.
It went bust.
The current State of affairs...The finance method of last resort...
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