RE: looks very much20 May 2019 18:05
I am Valju, not sure like most on the next newsflow of JV details and compound updates, but what resonates are a few things if all is supposed to go caput:
1. Why get ABO now, why not just go to capitulation and just run the money down?
2. Why would ABO invest now if not had a look at the IP and forthcoming news flow - they’re not idiots, they would ultimately lose money too
3. Would the BoD put themselves so close to retirement in a position to go to jail from fraud?
4. Why do the FIT JV?
5. The IP is owned by VAL and SEEK so if admin, the assets are ours as shareholders
6. The financing is there in place for circa 2 years
7. Apart from the 213 mn sub shares which is decided (and not pounding the market) the other facility is not exerciseable until a year later of which they can cancel after 8 tranches and stagger the drawdown which again doesn’t come in to effect until a year later after the drawdown
8 The warrant aspect is only 15% of the total money issued
9. The science thus far has all been positive
The shxt parts is the dilution, shareholders frustration at higher average prices and has in effect dictated the negative sentiment here. The directors get a commensurate salary to their position, hell l earn more than them!
The human emotion is always strongest to the negative and due tour nature we always fear the worst.
Thats where we are as l see it and roll-on June to Q3