Hey Marzo, if it wasn't so true, it'd be very, very funny. 14.5 million shares traded after a better than 50% drop in the share price - surprised that the ASX haven't forced a cease trade and "please explain". Still I suppose that's less than 2% of the ridiculous total shares of over 700 million in the market for this mob of no hopers, and less than $300K in total value. So, wait for it - more spin, more BS, more wasted time for the long suffering shareholders - and those well known snouts will remain in the trough for some time yet! And yep, I reckon you're spot on - when the trough looks a bit bare (again!) there'll be another capital raising after a bunch more hollow promises. What will that be? 5 capital raisings after the initial listing - and still not a single profit under the current Board and management. WTF? How do they continue to con the market on that performance.
Now, what could cause such a share price drop? Maybe somebody's got wind of another legal attack on its way. And maybe this time, the aggressor is too big for them to survive the battle. Or perhaps some of the larger shareholders have had enough and decided to dump - even your fairies couldn't vision a dividend to shareholders anytime in this current millennium!
Anyway, enough of all that, I might head to the bottom of my garden to see if I can come up with some better explanations for this horror train wreck.
As always, DYOR.
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