PLT did successfully raise money through a placement, I agree.
And I am not disputing that.
If I were a shareholder I would be asking for that money back, however - the timing of the announcement of "OOOOOOPS BUT OUR SALES AREN"T WHAT WE SAID THEY WERE GOING TO BE" was just a little too close in time to the close of the SPP I thought.
It's just not cricket.
However, people don't usually sue over $5k, and the total is too small for a litigation funder to be bothered, but pretty poor form all the same.
IF PLT were now fully funded I would agree with you that the Chinese placement had been "replaced". As it is - when PLT looks at the options for their NEXT fund raising, they will have to look elsewhere than an SPP.
As for FER - sounds like you've gone cold on the deal and you would like PLT to remain independent.
Well - FER hasn't done anything wrong in the last little while either. I agree that it would be nice to see a nice big positive step towards successful commercialisation. That is what I am waiting for with them.
PLT Price at posting:
9.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)