Raccoon are you on the board, it appears that to you this mob can do not wrong.
There is no debt repayment just three million in the bank, if they had to raise capital why not a much less discount and only issue enough shares to cover the three million plus cost lets say they should have offered the shares at .36 or even .37 then it would have made more sense.
To me this was planned well before the share consolidation, however when I mentioned that they would consolidate and then issue more shares I was told by you and others that there was no need for them to raise capital, but here we are shares on offer at a 20% discount. Its time this management started earning their fees and also started tell shareholders what is next in the pipeline. They failed to get overseas investors interested so now we need more cash.
DYOR
MOY Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
