Cannot agree enough LT. So much smoke and mirrors, and confidence that they had considered everything to now half way admitting they could've done better.
there are pros and cons to not raising a pile of cash. 1. It means management are more frugal with their money vs having a team with lots of cash wasting some money, but also forwarding things faster. 2. A smaller management team which means less burn rate, but also less heads to consider what could happen(more experienced heads is more knowledge). 3. It doesn't allow for a larger scope of operations to capture all opportunities, which for a space this size might be more appropriate (accent have a pretty big team). But we haven't been diluted to the billions, which is nice.
if Dr T sees this as a 100m sprint, it's more like hurdles and race have just stumbled over the first hurdle. We can still come first, as long as we don't trip over more.
with all that said, I'm still overall supportive of management, and hope to see their strategy unfold and hopefully improve sentiment.
RAC Price at posting:
$2.13 Sentiment: None Disclosure: Held
(20min delay)