For me to participate I would like the board to go now. No way I will give money to the same group of people who resided over creating the problems the company now faces.
Iggy may have been one of the architects of the strategy, but the board approved this massive destruction of capital and cash. They must also go and fast.
A new culture is needed.
Also existing holders need to consider if they could get a better exposure to Lithium in another company that does not face the same battles and risk ahead.
While the existing board is in place the default response to a challenging situation or "opportunity" will always be to raise capital before cutting costs.
Old habits die hard.
Good luck all holders.
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held
