Thanks for your thoughts jamwolf, I hope you're right (to an extent!). I think the outlook commentary will be important for the next quarterly. Once the market stops focussing on the question of survival, we might get a different picture in the SP.
Appreciate your point on the directors salaries - perhaps I'm too focussed on this issue. In light of the Propellor transaction the valuation discrepancy seems just too stark - and as an insider of the business I would have thought that on the balance of probability there would have been ONE director/ member of management who 'backed the truck up' so to speak. In every recovery/turnaround I've ever seen, the first sign has always been significant insider buying.
It'd be a shame to see this sold off so cheaply to a buyer. If I couldn't get AZ or similar to provide additional non-dilutive funding, you'd think there'd be some VC's/family offices that'd be interested in providing some cornerstone equity with attaching options, or convertible financing? Perhaps they might tell us they don't need future financing at all!
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1 | 360000 | 0.013 |
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0.019 | 100075 | 2 |
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