If the EON listing was cash in the pocket they would not need to raise at 3.8c, they can not even get a loan against the future listing of EON, That also demonstrates how "great" this management is at wheeling and dealing. that announcement of EON listing was published with the intention to push the SP upward so that the following CR will be at a higher price, the market was hyped for one short day before resuming the downward trajectory.
the 3% ownership SEN has in EON could have been partially converted into cash as an advance payment by a financial INSTO or CV if they had real commercial skills. IMO it was laziness, they could have procured another less diluted solution. but have found it easier to just hand it over to Petra Capital to conduct a dilutive CR at rediculous low SP.
Votiro may be a great company one day, but surely not SEN on its own, and there is no guarantee that SEN management will steer things in the right direction.
I own shares in two other small-cap companies on the ASX with SP going up in the last two years DSE,,,MSL, (except last two weeks with the global downturn ) A completely different approach from the management in regard to communication, passion, and commitment toward the business success, it is by far more exciting and refreshing.
SEN Price at posting:
3.5¢ Sentiment: Sell Disclosure: Held
