Ann: Trading Halt, page-3

Why are they doing a capital raising and at this price?

According to their Q3 Quarterly they had $16M in cash at the end of March.

What do they need to raise money for? Why so early after their IPO? Do they know what they're doing?

Hopefully this is to fund an acquisition. I can't understand why they'd need war chest money on their current cash position. Their cash burn isn't great but to be expected for an early-stage tech/comms company with an aggressive expansion strategy. I repeat: do they know what they're doing?

Very curious.