At BMR we waited 5 years for a license to come. It came and the BOD did nothing for more than 6 months. What followed were Directorate changes, suspension and consolidation.
The signs and similarities with ECR's response to the tax relief money are there for all to see.
Just like BMR – what kind of company doesn't have a contingency plan in place for when long-awaited targets/goals are achieved? That money should have been pre-spent months before it was confirmed. Once released it should have been a simple finalisation process and acquisition.
Says everything you need to know about this company. Clayson is taking his paycheck and lining YA's pockets with our money.
So, at his precise moment in time and the SP is at 0.0975, does this mean that YA can't do another draw-down as the price is below 0.01?? If this is the case then one can see why the EGM has been called. Now it has been a repetitive process watching the SP just before and just after a draw-down, and even good RNS's are unable to sustain the rise that generally happens. So my real question is: What happens if YA are allowed to draw-down at a price lower the 0.01 ????
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