The prospect of the CR had been placing downward pressure on the share price for a while now. It's good this has now been removed.
A $7m raising is HUGE for a $30m market cap, and the fact that they seem to have commitment for the majority of the placement is a vote of confidence. Agreed that I want to see the next quarterly results before stumping up more cash, but this is looking a lot healthier than it was 2 weeks ago. They'll probably get the cash out of me.
SVA Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
