Ann: FBR completes $16 million placement, page-51

It's my belief that with the current climate (COVID), the fact that institutions & sophs, both existing and new, tossed in $16million in 48 hours is incredibly reassuring as evidenced by some people today stating that they have bought more. The instos/sophs that missed out or wanted more (given the oversubscription) May have also assisted.

All in all, positive signs for us, particularly if the SP holds above 6.5c-7c for the next week or two pending further announcements/news.

Plus, a CR or some sorts was always on the cards given cash in the bank and burn/quarter.