I mentioned at the time of the placement that management made a huge mistake by taking the overs in the spp.
I believe management lost a lot of credibility by doing this.
It was seen by the market as a desperate move to get more money. Not a good look in my opinion.
NO confidence was illustrated by management that they could raise more money at higher prices down the track.
The market now waits for any bit of good news to get rid of their stock.
What should have been a good story has now turned into a basket case.
I am stuck in this stock now and can only hope and pray.
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