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sooly

835 Posts.

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28/09/17

18:25

Post #: 27530100
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Originally posted by gallea ↑

Here is a contrast in fortunes:

CIO have today just done a $3 million CR with sophs at 3 cents, after it recently had good news and touched 4 cents. The CO is growing and SH and the SI have confidence in the board, so the issue was oversubscribed and by doing it at a reasonable price (year low 2.3 cents), minimises dilution.

With XPED, When Marty came on board and looked at the books, he went "Crikey, we need to raise some money and fast". IMHO.

Presumably with SIs having heard of Soaring Securities and with his reputation preceding him, AL's attempts to do a CR with SI's fell on deaf ears, hence the absolutely disastrous dog's breakfast of the CN which destroyed the CO. IMHO whilst the SH who participated in the SPP were handsomely rewarded by the honour of paying the BOD's salaries for a few more months...

At the time it was all put down to the election of the 45th President of the USA, but then again our down ward spiralling SP has also been attributed by management to be due to absolutely anything and everything except its own incompetence. IMHO.

When approached by AL, the SI's response was likely to have been along the lines "Crikey, no $%#@ing way would we dream of trusting you with our money". IMHO

I have been thinking of cutting my losses and putting the remaining funds into CIO and BUD which are definitely on the up and up, but it is really hard to take a 90% plus loss, just in case the improbable happens and XPED's SP pulls out of its nose dive...

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Mate we have all cooped a reaming on this one if you sell at a 90% loss you are insane, as long as Lekkas holds his shares so will I and i'm down 82.5%, concentrate your energy on the things that are important to you don't let this debacle weigh you down any more than it has, live today ,love tomorrow the sun will shine. Cheers Sooly

XPE Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held
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XPE Lounge, page-3557

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

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XPE Lounge, page-3557

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

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