The negativity is coming from the way this was handled i think. Scotty can say that he wants to minimize dilution to shareholder in addition to saying saying that they have partners at the ready then stump up a 25% dilutionary raise at a 17% discount to the current price. Don't say you want to do something then do the opposite.
Do people forget that the last raise at 42c stopped momentum and saw a retrace to the 30's- took 5-6 months for it to recover. 1 year later, we just start strong momentum going for another run with significant milestone NR to come and bang a significant raise adding 25% additional stock on market. Timing is everything and unfortunately this is the second time timing has been very questionable.
The only saving grace is the 2 tranches so less of a shock on market.
Yes cash is needed, yes this is an exciting stock etc etc Long term hold etc etc Nickel, green bla bla.
Maybe I'm just impatient but I want to see the number 1 in front of the price before the years up.
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3.6¢ |
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Mkt cap ! $18.94M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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View Market Depth
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1 | 35714 | 0.028 |
1 | 8000 | 0.027 |
1 | 37074 | 0.026 |
1 | 20000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 82192 | 1 |
0.037 | 125000 | 1 |
0.038 | 55000 | 1 |
0.039 | 220000 | 2 |
0.040 | 314747 | 1 |
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