I am keen to know how the CR was the kiss of death? As a holder surely a CR at 75c (or whatever value it was) was better than 35c? I wouldve been diluted much worse now and the cash was needed in both scenarios?
Would you have preferred the alternative situation of seeing quarterly cash balances go to zero and the speculation of how they are going to get more cash?
The CR was done at a great time. Yes we all want things quicker. I dont see how the company's risk profile is any different to what it was 6-12 months ago. Any company not turning a profit is a risk v reward proposition. I think they are very cheap now, but long term profitability is banking on butene protein, however, this thought hasnt changed in 12 months.
WOA Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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