what happens if CPS Securities cannot raise the said $3.5 m (on the best endevoues basis ) bearing in mind the IPO was a "flop" which to me says that the normally risk tolerant investors , DID NOT WANT A BAR OF IT. IMHO what have we then, 1), Licences that no body has faith in --except the "flogging promotors" and their followers/hangers on. 2) A debt to ROB on commercial terms lent to the promotors -who by this admission have no money. 3) A severially increased capital base that is good for WHAT ? 4)Copious free options issued to CPS for what? 5) No hope of the 2014 options being exercised and therefore a company that has a very limited future, yes money in the bank at present but will be perceived by the "market " as damaged goods. 6) 70% of licences and coal leases that are then of dubious value. WHATSUP here, nothing of value for the present shareholders of ROB, vote against this while we still have a future, hitch your waggon to this CPS idea and were totally sunk IMHO.
ROB Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
