Don't worry Arf, Sayona will bail them out someway. Just take...

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06/03/24

10:16

Post #: 72766545
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Originally posted by arfbarf: ↑

As you all know, Sayona has a JV with Morella. Both companies are run by the same people.

Now let's look at Morella's latest quarterly:

Yeah you saw that right, less than one quarter of funding remains for Morella. And they have to find cash, fast. And it's not as simple as doing a CR because of the low, low SP. Can only come up with so much cash that way.

Here's what Morella had to say (putting aside the sloppy grammar and misspellings):

Really? Support from shareholders? All I'm seeing is a lot of vitriol from retail:

https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-5b-cash-flow-report.7824328/

Now, Morella could significantly extend their runway if James Brown and Allan Buckler were to cut their salaries:

But will they really do that? Will James Brown and Allan Buckler cut their salaries to try and save Morella?

Or are their salaries far more important to them than the retail shareholders?

What will happen? We will see.

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Don't worry Arf, Sayona will bail them out someway. Just take some out of Sayona and give to Morella. We have the same management in both companies anyway. Maybe we bail them out by taking them over. This would allow JB and partners to get a large payout for their millions of shares owned. May help out in the long run since we would be paying JB only one paycheck then. HaHa. Just for laughs. Don't take this serious (unless something like this really happens).

SYA Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
13 Upvote

0 Great analysis

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