"Graves said the company was reviewing the terms of their relationship with its bankers and looking at options to raise additional capital "if needed"."
Forgone conclusion more capital raising on the way. Heartland Bank is the prime lender to SeaDragon? Hope it is for resaleable equipment leasing!
This company reminds me more and more of Wellington Drive - difference being they managed to suck in a reputable company Comvita to give them a measure of credibility.
Long hard road full of more capital raisings (with ever changing excuses) for those who stay in.
Dear I say it, you were right all along balance. Just managed to get out in the nick of time and still bagged a profit from .009. Looks like it may drop below that now.
that also could be the reason for such a small minimum of $250k hoping that some share holders will stump up with the $$$ needed without the big holders supporting the offer
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