Whilst i appreciate they are relying on Linkedin to provide some updates (due to ASX not allowing due to no material revenue), why is it that:
A) We hear crickets for months on end
B) Jim L, who categorically said in the last webinar that he would buy post blackout, hasn't
C) The term blackout is used by the company as a throw away line...blackout for months??
D) Recent Option conversion from Nir and Co - a good thing for the company - money in the tin - nothing ann to the market. Market has priced in a CR - clearly not the case.
Whys isn't anything announced?
You can't run a publicly listed company - conveniently using shareholder $ to fund your operation - but run the company as if it were private.
The tech is outstanding - and Halo is front and centre in this nascent market. This is undeniable.
But, the communication is deplorable - just a ghost town with bullish snippets here and there that don't eventuate. The board, IMO, are amateurs. They are not cognisant of whats required from a 'fiduciary duty' perspective to protect holders. You only have to look at the last placement terms to Mahe Capital. 700k placement fee and 11M free options. Just ludicrous and even more ludicrous the ASX allowed it.
Seems shareholders are only of some importance, when capital is required.
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