The Company's solvency is a big overhang in the market. If the underwriter was genuinely supportive of the stock at 2.4c, why wouldn't they be buying it on market at 1.9c? It makes no sense. I don't think the underwriting is worth the paper its written on. If true, then the Company's solvency is at serious risk until management does something about it.
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The Company's solvency is a big overhang in the market. If the...
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