Yes it's looking likely but they would want the sp to be higher so they will be doing anything to sort out the sp rising issues now.
It's all about the numbers, to raise, say $10mil, less shares will need to be offered if the sp was 7c instead of 4 c
Ann: Less than Marketable Parcel Share Sale Facility, page-12
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Mkt cap ! $8.320M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $51.09K | 12.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13041614 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6839612 | 18 |
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