RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Thats so Raven . A few points I think most would agree on.
Digigro is not worth $5m. Management just gave someone 41m shares for an app you could get done in India for $100
Management have not defended the trashing of our share price at all.
Management's news release just added fuel to the carnage.
There have been very high volumes traded of late.
We have a debt more than double our market capitalization expiring in 28 days.
Our assets are very valuable, much more than the $18m total debt.
Now the grey areas.
This churning of shares is usually indicative of accumulation.
It's highly likely this accumulator is the same or in collusion with the Digigro share issue recipients.
If we default on the debt MMCAP can wind us up, sell the assets.
What is our cash position? dire I'd say, no sign of that 10c $1m placement.
according to the news release, we are becoming more reliant on tech sales vs cannabis
We can't sell our technology till this legal action is settled.
Considering the debentures are unsecured, if you were MMCAP would you renew the debt?
I'd try and get hold of the assets while I still can.
You never know, there might be a group with control over 51% of the shares willing to force liquidation.
Some lucky group might pick up some very valuable assets very cheaply.