Not when they are issuing another 64 million shares in a rights issue. I don't think it will be too successful as most share holders are aware of the companies abysmal sales performance and have had enough of mou's and rubbish about potential customers testing product lines. Been pushing that line for over a year and not one sale has eventuated yet.
Sub 2c is here for a while and if they don't make any sales by the time they burn the cash from this raising then sub 1c won't be far away.
They would be better off renting out their premises to generate some income.lol
This will be their last ditch effort to stay afloat as they cannot raise any funds from serious investors any longer and are trying to squeeze a few funds from long suffering holders desperate to see this turn around.
CAU Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
