RE: Starchild opinion today 6/11/216 Nov 2021 11:10
Starchild "FTR, had I known about a $30m hole in March I would not have marked CEG Buy, nor have taken part in both the OO and Placing."
Two genuine questions:
(1) Knowing that you have read every single rns probably many times over since March and understood the contents, would you say by not being made aware of the full $30M debts the bod have actually lied or withheld vital information to shareholders in order to get away with further fund raising such as the OO and Placing that you piled in to.
(2) Now that the full $30M debts have been disclosed and assuming with almost certainty that none of your scenarios will happen, what are chances that the bod can successfully raise the $20M needed to save the company knowing that very few pi's would take part, which would then probably mean the bod turning to a death spiral wonga lender such as Darwin. Either way current pi's will be wiped out with their holdings being only worth 25% of the whole company or 0.2p at today's price?