A placement for $1.4 mill was announced on the 30th april, its now 17th may. More than 2 weeks have passed yet no announcement that the placement has been completed yet. What is going on here, anyone??
On tne 28 October last year there was a new Chief Financial officer appointed. I thought his job was to help raise capital. I seriously fail to see what this appointment has achieved for the company. Is this another dud appoinment? Raising capital at 7.5 cents surely doesn't require the hiring of new CFO???
Would be a good idea if they disclose who actually taks up the placement. Would be nice to know that some savvy fund managers are interested now wouldn't it.
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