what is going on., page-14

mate I'm just watching this one, not dare touch it.

If you acknowledge they have nothing but cash that is worth 1/30 of the market cap, then why are you still holding?

Its almost like a high stakes game of chicken, to see who will sell first. Do you realise how hard it would be for them to come up with something that could justify this kind of price?

And there are plenty of reasons for them to go to TH.
1.) Capital raising - but "sophisticated" investors wouldnt touch this at the current price - be lucky to raise money at 2c.
2.) In talks with the ASX to extend the 3month period.
3.) Possible business venture.
4.) Delisting and wind-up company.
5.) Possible $10 bank error in their favour.

I would be very worried holding. Time is running out and this TH has given everyone time to assess the logic of holding at current value.