What people are expecting on a forum and what is reality are 2 different things. As we see this morning most people on here have no idea what it takes to run a company. Raising cash for SER is not an easy thying and just because some total idiots who have no idea thought would be at a higher level doenst make the money available. Have you ever tried raising money for a company who hasn't produced an income for a very long time, who has no senior management, who has no assets to speak of. Personally I think it is miraculous that she found anyone who was willing to put that sort of money in but I fully understand that anyone who did it knowing that there is a substantial risk they may lose it all wanted a high risk reward ratio and negotiated as low a price as possible. Money does not grow on trees, companies willing to put 700k into an empty shell do not grow on trees either. When BMD did not raise the cash when the price was over 0.30 because he had other selfish plans, Raylene was stuck with having to find somebody to put money to keep the money going and she did. if she hadn't we would soon be out of business, that is obvious.
you will find that I stated that the placing would be at between .6 and .8 and that prediction was shot down by the Glee Club as impossible as it would more likely be between .12 and .14 one even said the deal had been done at .22. Our CFO was left to twist in the wind by BMD and as of,today we have been unable to find any CEO who is willing to take the post. I admire her for stepping up to the plate where others have not. She deserves our thanks not ridicule!
But u still haven't said what she's doing or done? She's doing a great job u say but at doing what? U just said she's done a placing to raise money but even that was a joke! A placing at 0.065p when most people were expecting 0.012-0.020p. Useless!!!
we have just done a placing so there is cash however the rest of what you say is true re costs and lack of anything of substance on the asset front but our CFO is excellent and should be congratulated for the efforts she has put in
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