SeaDragon

[ari]

Luv their latest vid on web site showing progress of new factory.....which actually just shows carpark movements....

[Dentie]

You are dreaming - made their money and now abandoning sinking (sunk) ship...... its a disgrace. No factory, no money to finish factory so capital raising coming soon and Chair and CEO leaving.

They are getting in now to put some distance between the announcement and their end year result. That result will tell us whether they have 6, 12 or 18 months left.

Gave themselves a big for getting market capitalization to $40m ........on what? Press releases and porkies - no substance that's for sure.

Thanks for your opinion Apathy ... no doubt you are out so you will have no worries.

[Bilbo]

Thanks for your opinion Apathy ... no doubt you are out so you will have no worries.

I hope anyone wanting out has done so because there are now no buy orders showing on the depth.

[Apathy]

Thanks for your opinion Apathy ... no doubt you are out so you will have no worries.

Never touched it - don't do smoke and mirrors. Now at 1.6c with no interest what will be the discount needed to raise capital to complete plant?

The press release on April fools day saying they didn't have enough funds slipped past with no real interest so its almost like they thought what do we do next? ....... Get the CEO to announce he is standing aside weeks out from full year announcement and having to go back to shareholders for capital? Surely they could have timed that better? What was the motivation? Drive it down to buy back in? Or is there some really bad news round the corner??? Hopefully NZX will be looking for a please explain.

[Dentie]

I hope anyone wanting out has done so because there are now no buy orders showing on the depth.

Didn't take long for them to re-appear....

Given Mr Wilson showed his hand at the last AGM...the sellers obviously had all their dosh on Mr Keeley. Time will tell whether that was a wise move ... or not.

[Dentie]

Never touched it - don't do smoke and mirrors. Now at 1.6c with no interest what will be the discount needed to raise capital to complete plant?

The press release on April fools day saying they didn't have enough funds slipped past with no real interest so its almost like they thought what do we do next? ....... Get the CEO to announce he is standing aside weeks out from full year announcement and having to go back to shareholders for capital? Surely they could have timed that better? What was the motivation? Drive it down to buy back in? Or is there some really bad news round the corner??? Hopefully NZX will be looking for a please explain.

Looks like Balance is back.

[Apathy]

Didn't take long for them to re-appear....

Given Mr Wilson showed his hand at the last AGM...the sellers obviously had all their dosh on Mr Keeley. Time will tell whether that was a wise move ... or not.

Don't think it has anything to do with respective ability of Chair and CEO - back then they were talking it up big time - game changers, US$6m new sales, 18 months 24/7 no debt - cash in bank and factory ready by May 2015. Simple fact is they have run out of time, stories to tell and of course - credibility. And as for 'time will tell'........ that bell has rung.

[Dentie]

Don't think it has anything to do with respective ability of Chair and CEO - back then they were talking it up big time - game changers, US$6m new sales, 18 months 24/7 no debt - cash in bank and factory ready by May 2015. Simple fact is they have run out of time, stories to tell and of course - credibility. And as for 'time will tell'........ that bell has rung.

Being a bit harsh here Apathy. If SEA were 100% in control of ALL levers...I would agree with you. But, in business especially, there are always other factors in play which dictate you never have 100% control. That's what makes business exciting...things are eternally fluid (for better or worse) - and this constant change will always affect historically stated ambition. Case in point...Government bringing the books back into surplus.

There will be reasons outside SEA's control why the factory is not ready by May 15 (weather, workers, council, unforeseen tapu etc). They have the money and desire to build it as quickly as possible but you make it sound as though they should now abandon the factory because they didn't reach their defined target date. Just means the production (& flow on's) are going to be delayed. Give them a break.

[Dentie]

Seems like someone was happy with Mr Groves' appointment today. Seems to have a bit of relevant experience/knowledge.

Will be interesting to see who fills Mr Keeley's chair around the table.

[NT001]

Can't be true, can it? Just three days ago one of our contributors was predicting doom for the company, saying there was "no interest" in its shares and wondering if really bad news was round the corner. Oh well. Up 25% today, which raises the question: was the market right three days ago, or was it right today?