Monetisation event6 Aug 2018 09:21
'As we enter a phase of intense negotiation on the monetisation of the key assets of the Company, we need the capital to safeguard our equity position and negotiate the very best deals for our shareholders.'
This 'monetisation event' has been known now for over a year and has seen constant reduction in market value. Long term holders of 5+ years have also seen around 80% reduction in their investment with Solo. Directors need to offer something in return instead of continual take.