Hi all. I could see this going under 40c when they announced this desperate attempt to raise cash. What happens now? I can hardly see the SPP being fully subscribed now looking at the current share price. It’s either this cap raise or they take out a loan to stay afloat. There’s no way they would be able to service a loan so I can’t see how they can stay listed. Yes their tech is superior blah blah blah, but with no serious contracts and serious revenue they will go down the drain, they can’t do cap raises forever and the markets reaction indicates that this is the straw that broke the camels back. What a massive discount it was. Obviously that had to be the price to get the funds to buy in. I feel absolutely ripped off by AF after listening to his last webinar. Cap raises basically to pay wages. What a shit show.
4DX Price at posting:
38.5¢ Sentiment: Sell Disclosure: Held
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