RE: Admin costs of 500,000 per month.6 Jan 2019 12:40
Luckily, I bailed out in the 20's with a small lose about a year ago, god knows how much I would be down now if I still held the 500K shares.
Why did I sell at the time? Quite simply the company was not delivering what it had said, a classic case of "jam tomorrow" which seems to have got worse in the past year with DTU, Helium, WD, etc.
I genuinely thought the company was going places until that awful ED deal which we all know including I suspect RP was a very bad deal, as others have pointed out with the on going extremely high admin costs the companies expenditure is unsustainable without further funding.