A 2.8m placement facility at 1.4 cents, when they had $6m cash.
I have been following this company since March last year when they acquired the stake in MCL as I live near Nimbin and Andrew Kavasilas. I don't like the way they have used retailers with their hyped up and misleading announcements. At last some important questions are being asked. As for the MM, it will cost tens of millions and further capital raisings and dilution. If you look on the ODC site the licenses are limited to a year and licensees of body corporates (after merger) - thats all Directors must be of good repute .
QBL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
