@Radar100 - you seem to be full of conspiracy theories about deliberate actions to negatively affect shareholders. It doesn't make any sense at all. People talking about them intentionally pushing the price down so the company gets taken over cheaply. The directors don't make any money with a low price. They only make money at a higher price, in fact for Chris to make any decent money, he needs a price above 8c. If he makes money, we should all be very happy. He has also bought 1.35m shares (which is probably more than a lot of people here).
You also have people (dinyang) actively talking down the price and selling shares. It appears that it is an aim to push the price down so they can buy in cheaper. Dinyang effectively confirmed this view in one of his/her posts. People trying to spook others about short term capital raises. They've run the business with much less cash than now. They have a lot more cash in the bank than they have had at many other times. They will have another R&D claim to come, so that will be more cash to come in. In some respects they should probably raise some money just to remove this as a concern, but I reckon they are probably waiting for a few things to happen given what seems to be lots of things in the pipeline. We know how long it takes for some of the corporate deals.
So many holders on here appear to have no idea when it comes to running businesses, especially early stage, high risk ones. If management had done most of the suggestions made here the business would have less cash, and be much worse off. I would suggest those people who don't understand the business, or can't stand volatility should probably sell their shares. And you guys post so much. Don't you have anything better to do??
And it seems like people want continual updates on every aspect of the business. It is crazy. How about you let them run the business and deliver, rather than ask them to spend time drafting announcements to try to boost the price (which they won't be able to do because they don't control the share price anyway). You have a director buying on market, and he probably also holds more shares than most people on here. And he clearly knows more than any of us here.
An update from time to time is reasonable, but geez, give them more than a few weeks to actually do stuff. They did an update on their current growth opportunities and strategies at the end of April, plus an update at the end of May on RACV/Melbourne Airport. If we see something before the end of June it will be great, but I would prefer them to focus on running the business.
At 4c, the shares were probably over-valued, but at 1.5c they look super cheap and undervalued. I should buy some more if I can get some spare cash.
I'm so glad I don't read you guys everyday. I would go crazy if I did.
Regards
Marv
