"Currently a 13M MC with ~10M cash and results to a 2A trial in Q4?"
I'm not sure that a $13m mkt cap is right. They said that they had raised $9.1m, where as the 3b's are not showing an increase anything like the 180m+ shares needed to raise such an amount.
Is it because the placement is happening in tranches?
I would put the mkt cap nearer $20m. Still good value though imho.
Ann: Entitlement Offer Results and Shortfall Notification, page-10
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $31.40M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.9¢ | $72.73K | 1.802M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 436541 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 560576 | 1 |
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