Focus Graphite Announces Non Brokered Offering
Focus Graphite Announces Non Brokered Offering
and Closes First Tranche
https://web.tmxmoney.com/article.php?newsid=77826794&qm_symbol=FMS
Another late Friday news release. I don't like it.
I stated earlier this year (in spring or early summer) that I sold 85% of my Focus Graphite Investment (in the lower 40 cents area).
Stupidly or reasonably - it was my own decision - I bought back some shares in the lower 30 cents area. I should have waited much longer.
Anyway ... now we move in the lower 10 cent area and I guess that everyone who is still invested would like to ask "Is this going to zero or not ?"
I don't know .... and such announcements definetely don't help much either.
Bacanora got a deal with Tesla today or yesterday. Focus Graphite didn't. Fail.
I really hope that our stake in Grafoid Company is worth more than our high-quality, but obviously not financeable graphite plant.
Because otherwise we're going basically bankrupt very soon.