Lambs to the slaughter11 Nov 2022 08:11
It makes me laugh when I hear people justifying the raising of further funds, especially after the last 2 disastrous efforts. Riddell's Lanstead deal and Brindleys discounted give away to day traders...who immediately sold for a 10% profit.
The presentation may have been delivered professionally but it's all based on hot air. There is still no news/progress of value. So what was the real purpose?
They have managed to prove that there is still enough of an interested pump n dump trader base out there to muster some financial support in the near future. Another discounted giveaway would probably do the job...although it's difficult to discount at these ridiculous price levels and the dilution would be very painful for us.
Same old, same old. No evidence of anything else. Oh! except Trx may be getting in on some of the non-Oxilio action at some point. What a surprise. I wonder what kind of terms we can expect there?
The best thing that could happen for us now is that some non-related party comes out of the shadows and makes a bid out of the blue. Very unlikely, I know, but I have a feeling it would scupper a few plans and offer us the best kind of exit from this mess.