Many emails requesting information/views on this company re’ todays rise.
An absolute DOG of a company that have promised much and delivered absolutely nothing.
The board of Hot Tuna continue to fund their surfs up life-styles by further equity placings promising new and old investors great times ahead.
Highlights of the company epistle 30th March 2010;
Operational loss reduced by 21.1% to £543,000
· Successfully raised £1.5 million via an equity placing
Hot Tuna announces that it has today successfully raised £1.5 million (gross) through a placing of 500,000,000 new ordinary shares of 0.01 pence (“Placing Shares”) at a price of 0.3 pence each with new and existing shareholders (“the Placing”).
The Board is particularly pleased that,(we can carry on fleecing investors hard earned cash so that we can live the life of Riley) in addition to its two largest institutional shareholders supporting this fundraising, a number of new high quality institutional investors have participated.
The net funds will be?
A; Frittered away like the last placing?
B; Used to continue the development of products across all ranges and increase production for the upcoming ranges this year?
I THINK YOU GET THE PICTURE.
Stay well away from this ridiculous company. There are thousands upon thousands of private investors who rue the day they listened to this companies’ babble.