Very frustrating I agree Jannine give the company a serve via email and demand a response as a long term shareholder.
I personally think they should shelve the $21million facilty until they get their act together and can produce 10000 Ropren a month from the current Sibex plant(and sell it all every month). Then we have decent income they can further raise money with confidence for the next stages.
I am not keen on dilution with more shares now as per AGM voting if we can't sell/produce at a decent starting level. Also like some others if it is voted for any further shares should be frozen and not able to be sold for 12 months.
Really with the world economy collapsing around us the share price is holding well because of less sellers and safer hands but who in their right mind would try and raise $21 million dollars now? Need to show they can make income and have the ability to pay any loans off! or they will dive like the rest of the world.
No use huffing and puffing again and falling short. We were told the current facility could do 10000 Ropren a month but the presentation says we are only doing up to 2000 a month now and 8000 by next July?
As I have said I support Ropren and products, if we produce sell ASAP people will flock in and buy this share. The things holding us currently for the next jump are anticipation of good news and the fact we don't have millions and billions of $ debt. We deliver and SP rises we don't and she tumbles again!
Still think it wise to have some money in SLA for the rise potential on the good news rather than the failed banks, financial institutions losing money, but crunch time is approaching. Hope October bring a good Birthday present in SLA. I was told we would have a good August which we did was not told we would have a dud September! Perhaps you or others could enquire as to if we will have an OUTSTANDING OCTOBER? Cheers
SLA Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held