The big difference is MGT annihilated shareholders with a CR that added another 1B shares to the register when the DFS was supposedly already fully funded.
I see the competitor has a $200m funding facility with attractive options at a strike price in the .70's with letters of intent from conglomerates and you are laughing about strip ratios.
The other has a $420m market cap whilst MGT is drowning in shares sub $100m. I know who is laughing now.
Ann: Renounceable Rights Issue to raise up to $15.8M, page-216
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