well if holders weren't peed off before then they must surely be now: placement of 68million shares at half a cent each. Now that's a right ol' kick in the nuts. The worst part is they used the piddly amount raised to retire debt. The only reason I can come up with for retiring such a small amount of debt with gigantic dilution is there will be no commercialisation of their tech in the forseeable future. This must surely be a bottom drawer stock now coz I can't see any reason to buy for a looooong time and, if that's the general sentiment, anyone wanting to sell will get bugger all for them.
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well if holders weren't peed off before then they must surely be...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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