RE: HEROES TO HARRY IN TWO GENERATIONS17 Nov 2019 13:39
Good post mcadder.I do believe a raise has to and will occur after a share consolidation nd am not a member of the company going into insolvency crew.However am very critical of ceo’s lack of transparency and re.problems holding this back and negligence to existing shareholders with continuation of burning through previous raised funds at a high end rate when all technical work completed and aware of no incoming income to cover these for any reasonable period of time .Cash burn could be slashed to approx 100,000 dollars a month if office rental issues had been addressed and a real commitment to the project displayed by him in way of a wage sabbatical until revenues incoming.Basicaly that would have given us until approx next April/May to get this over the line before new funds required.Giod housekeeping all a bit beyond the narcissistic Millholland but needs must.Just wondering btw if copl ever received owed funds for all works undertaken on seismic and technicals by copl from Shoreline?And therein lies the question of Kola’s input and obligations.Anyways agreed placing at best for the time being unless of course kola steps to the plate by covering short term finance.Not holding my breath on that one so let’s hope we can drum up some interim cash from the market again which I suppose will be forthcoming if salient issues preventing this going forward are in fact close to resolution.????