K777,
Very worthy sentiment and I'm not being cynical but with what will be over 2 billion shares on issue then the combined holding of HC holders would mean probably around 4 or 5% of the issued capital so it would be very hard for us to exert any influence other than letting them know we are not happy and the SBL Board would be very naive to think anything other than that at the moment.
I am however very cynical when it comes to SI and their motives. I wouldn't be the least surprised if they are the ones who drove the price down in order to get themselves better terms. It would be very easy and advantageous for them to sacrifice 40 or 50 mill shares from .034 down to .027 with the market in a panic over world events and no doubt other holders may have sold into the decline, they could do this knowing they would probably get another 100 mill shares on top of their previous allocation with a cheaper placement price.
Proabably bordering on conspiracy theory with that claim but the market being the market then this sort of manipulation is a possibility, hang on, let me grab my medication before continuing this post.....
Seriously though, seems to be a monumental stuff up for the time being and now we will have to wait even longer before it is all resolved, not a good look for mgmt.
At the same time we should wait to see the details before condemning them. It is unfortunate this corporate event have taken away from what was a good story unfolding at Konongo for Signature.
Hopefully the suspension wont stay in place too long.
My sentiment is "Hold", no choice at the moment.
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