Yet there were record sales in the US for the quarter. Something doesn't stack up.
Into the unknown abyss for the next month or so.
I'm fearful of another placement. How many days til a trading halt? But I think it is absolutely required for ADAM to be anything more than 2 locker banks sitting in Sydney.
$10m seems a reasonable figure for rolling out a fleet of lockers to make the idea have enough footprint and critical mass. Placement at 15c (dreaming I know) would create 33-40% more shares to raise $10m. i could handle that if the roll-out was done quickly without need for further raising.
Why not sell PDT for $10m to fund it? Or do we really still need it as a conduit for patenting?
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