STL 0.00% $1.90 stargroup limited

re announce out, page-4

  1. 531 Posts.
    Hey Alpha ...agree and disagree .....you could argue they were prudent only placing 40M when they had shareholder approval to place up to 225M , (again you could argue that they could probably only place 40M given the current market sentiment)......it does buy time ....7-8 months on current cash burn rate.....given we are at the MicroCap end of town their options for raising $$$ and maintaining their strategy of low/no debt...a placement was the lesser of all evils .......the ann. by CUS today tells us that China is obviously a tough nut to crack.....I am comfortable with my position and confident that the team at ICP have laid the groundwork for a strong future....

    Lots of action in ATM area currently (Merchant charging, CUS re Fintronics , Lindsay Fox & Cashacard) ....watch this space I guess......DYOR

    ICP is obviously not for everyone.....invest with your head ...not over it.

    Regards
 
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