Brightens, there were no alternative options open to Sefton to raise funds. The company was that toxic, with no CEO, no revenue, shareholder action in progress, previous CEO legal action etc. Begging bowl to the market was only possibility. Bear in mind JE was claiming $400k, had he won, that would have cleaned the company out and anyone looking at finance would have to take the possibility of him winning into account. They would also have to take the cost of maintenance of Kansas into account and other costs. All Sefton had to offer was the data Rob a Shepherd produced on a few 'potential' opportunities. The company was on its last legs, the board new it, the market knew it and the requisitioners knew it. There was no fight by Raylene because the requisition actually saved a complete failure being added to her CV. Look at her LinkedIn account how she signs her CV off.
shocking acts of malpractice are being uncovered. .Can not have maintained the cost of an AIM listing in any event. Previous administration burnt through cash. Had no material handover from the past administration. Give Clem time to sort this then re-list at some point in the future.
Your opinion, and let me tell you now, and this IS a fact, there would have to be a placing, a massive dilution within a few months to pay for potential assets! The ball ganme has changed and for the better! If you dont like my comments, nobody is asking you to read them!
Not only post of the year but now the most contradictory post of the year!
Not attacking you, just the rubbish you post.
Everyone with any sense knows that the manipulative crowd who backed this POS were not investing for the future, it was a slam dunk pump and dump that went wrong. Shareholders are going to get tapped for more money, wait and see
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