Ann: Reinstatement to Official Quotation, page-108

I've mentioned this before, but it's sad that management in most resource companies very rarely get CR timing right. Ideally, it would have been good for MNS to do it at the end of last year at a VERY favorable price. Instead they decided to go with the ''drip-feed'' option, relying on options expiration to provide funding through 2017.

The $8 million raised from this process may be enough to keep the doors open for the year but they can't do much else in terms of progress. Now they're stuck relying on some sort of financing or up front payment from a BOA (which IMO will never happen). Unless of course they go in to do a CR now but then you're basically raising money in the 40's. That'll only get worse though as time goes on I think.