all depends on the Netherlands and timing of outstanding e-Lovu and JHC monies.. I don't think that there has been more than about 25 investors in any one capital raise so it's probably been a conversation piece since the last raise. I remember a year or 2 asking why we weren't just raising for 2+ years of runway and was told that dilution would be too big an issue... imagine if we had raised at 15-20c for 2 years funding.... so very very frustrating...
Ann: Quarterly Activities & Cashflow Report, page-54
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