RE: Who left the gate open27 Mar 2024 14:50
It takes a special kind of person to go down with the sinking ship... Clear as day, this is going down. The fundraising is not enough to stop the rot in my honest opinion. Fast forward 12 months and then suddenly you're in the same terrible cash position as before. Loss making companies with less than 12 months cash burn are basically forced by auditors to raise money. With high interest rates, the market for funding hope-hype, speculative loss makers isn;t going to suddenly improve. Worst of all is the death spiral bond that's in play - absolutely dreadful for equity holders. All AVACTA is now is a punters stock. Total garbage. Even the prophet pied piper McPumpy has moved on