summary where we are22 Feb 2018 08:09
Guys, your panic is completely without the merit.
I am not sure what he is doing wrong � I know placing is dilution and painful but reason for being listed is the capital raising.
He was preparing the deal � unfortunate by open case with Nick Bryan deal gone and other potential/linked deals too. Lets see the past 6 months:
1. Was negotiating deal and secured River Fort funding � expected high pay by Riverfort once deal finalised (expected in November)
2. AGM and directors re-election
3. Deal gone but could not say anything about then. He started to work on another deal and hired Bob which is potentially part of it.
4. Half year financial report � 600k gone for undisclosed operational activities.
5. Work on capital re-organization. Shares replace to check who holds company.
6. EGM (formal approval)
7. Settlement with Nick Bryant (REAL handbrake off for potential deals). If anyone can give evidence of Nick � Richard good relationship then Richard�s reputation is finished.
8. Placing of the news shares and Black Swan investment expecting announce deal after 30-days post closed period (1/03/2018)
9. Arrogant interview trying to explain that promised operational update is the raise capital update. Trying to take the pressure off. This MAY be hug buy opportunity now.
Basically Richards whole plan collapsed because of Nick case. I can�t speculate wow this could finish as I don�t know the reasons for the fire him but tribunal case could continue by mid 2019.
Also all � remember cash value and fact that he announce deal ditch from 3-4 months ago. Since then we have Bob and fruition soon. I still defend Richard but he does not give me much to do so.