Well-put BigAlvin, I'm sure management will be extremely, exceedingly, thoroughly pleased to place 75,000,000 shares at 1c to clear the debt, then another 200,000,000 to cover their salaries and future expenditure etc. To be honest, 1c is probably all they'd get from sophisticates IMO, given how the sp has dived since the last placement. I, for one, won't be quite as pleased when the announcement is made...
I'd like to share the optimism of others, but I think GDN has now reached basket-case status.
I suspect that I'll dump my GDN heads at EOFY to offset capital gains which I (thankfully) have already made this FY. Until then, I will continue to hold and pray for a miracle.
GDN Price at posting:
5.0¢ Sentiment: Sell Disclosure: Held
