Re: Apollo Debt1 Oct 2015 21:05
I would go even further to say they knew when the share were 16p+ but yet they were still burning cash with newish projects.Why? Why did they still take pay? Why did they not take a leaf out of the BOD at Bzt! Why not a placing when the shares were in the 20's and just get rid of the debt.With so few shares in issue it was a no brainer.! They tried to grow too fast in my honest opinion.It was always in the back of our minds that they would not be able to service the debt.Every time they was taking on a different project I was saying why? Concentrate on what you have and build from there and keep borrowing down.The company had such good prospects, if only they would have done a placing when we was riding high!