re: doomsayers way off the mark just had a squiz at this thread and it makes exact same reading relative to 2 - 3 years ago. Different names but same theme.
Another cap raising - lol.
Only difference is that it is now a 1 cent share with asset backing of 10ish cents a share vs 2 years ago when it was a 10 cent share with a asset backing of 20ish cents a share. Clearly asset backing is meaningless if the management are poor and the business is struggling.
Management have failed dismally and continue to overpromise and never deliver; handing out 1c lollies to keep themselves employed.
Clearly the downtrend (which remains intact) indicates true market perception. I guess if it remains solvent then a bottom must be soon as it can't go much lower.
Avoid until credible management in place IMO.
re: doomsayers way off the mark just had a squiz at this thread...
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