Ask yourself this:
If you were a lender and a company wanted you to issue funds to them at .001 so you can sell them and make your money back, would you issue them the money if there were no buyers at .001? Why would you. Risk is too high. You could be left with a truck load of shares but no one to sell them to.
Therefore, IMO, the lender will pull the pin. That means the company now has only $100k to play with. When that runs out, what's next? Another round of con notes? Too whom?
IMO, this will end badly before the end of the FY year.
- Forums
- ASX - By Stock
- AWD
- who's selling
who's selling, page-29
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AWD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online