The market cap allows for future gain but it's only going to benefit those who get in at the bottom. What's the motivation for Hopper et al to exercise the .8c options they just printed? I'm sure they'd much rather a further discount. Hopper isn't willing to put his 'own money' in, he has loaned out >200m IMU heads (>50% of his holding) for a gamble here (and elsewhere). He has leveraged himself, to the detriment of retail shareholders, in the hope something sticks.
Currently burning $2.5m a quarter - so the $5m they just raised gets them an extra 6 months. Hopefully this isn't suspended again for the next positive trial update.
P.S. My best RAC buy was lower and my best sell was higher - who cares?
CHM Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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