New Placing Shares19 Feb 2024 16:21
Any positive news will be heavily sold into by the massive amount of new shares... plus the following concerns, so its worse than before, IMHO DYOR GLA.....
1. Revenues for FY2024 are expected to be significantly weighted towards the second half of the financial year.
2. Projects are and have been delayed.
3. The company has highlighted (and continues to highlight) financial uncertainty and restricted cash flows due to no direct revenues.
4. The BODs STILL are being paid shares.
5. The company has employed stringent cost cutting strategies across the company.
6. They are currently reducing the workforce more than they are hiring.