RE: Do they28 Apr 2022 21:16
If you recall last July, the Open Offer that was @ 0.18p , the same terms as the placing failed and only less than 10% was taken up by shareholders. Just under 0.5 million was raised instead of the possible 5 million.
He didn't give any PR at the time to jack up the shareprice which would have ensured a happy flock of stakeholders. The shareprice went under the 0.18p which made it unviable to purchase and have the windfall bonus right at the start of the hype of a drill.
Then it was more silence , stuck drill bit and a continuous slide to where we find ourselves now.
That last interview wasn't in the slightest bit encouraging and it seems to me an attempt to drift the shareprice further in readiness for a new placing @ the likes of 0.08p.
Where is transparency about HH. He has never come clean on the real rates achievable there after spending an absolute fortune buying such a big stake. He got that one wrong. Fresh leadership is needed here.
George Lucan should be asked to come in with a merger of some sort , get rid of Silent Steve and clean up the mess he has left. There is no solid plan of action in this lifestyle company which promises so much after each placing and delivers nothing but the erosion of stakeholder value. Fact.