Interested to hear opinions of Otto's new letterhead with the broker valuations included in the side panel. Seems a little desperate to me and wouldn't be too surprised if they were trying to generate interest ahead of a raising.
Anyone care to check on the last financials and have a stab at the cash burn rate? I imagine that with the Galoc delays and additional costs sitting in GPC that no distributions (to Vitol or OEL) are likely until most of that debt is paid down.
I personally have never seen any company include a broker valuation in their letterhead... and I don't like it one bit.
p1000
new letterhead raising coming
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