To place this CR exercise of raising A$1.6 million into perspective, we must note that this amount of money is not even enough to open a new large McDonald's restaurant in a major city.
Mostly of what this achieves is more dilution .... more dilution ..... and eventualy we will go thru a reconciliation at 40/1.
Happens very frequently ....
Who is going to buy shares at $0.006, when you "could" buy at 0.005 on market?
If management is not forthcoming with news .... we may as well not support this CR.
My opinion. DYOR!
To place this CR exercise of raising A$1.6 million into...
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