I believe it could have been better structured. If they are concerned about having sufficient funds for manufacturing purposes they could surely have got a line of credit as opposed to adding another 16-17% more fpos plus options. Doing a raise of this quantum also raises the question of the value of the faa approval to me. Perhaps there is a feeling that faa approval won’t add that much additional value to the existing sp, hence they feel the company is well valued at this point and thus it is a good time to raise so much money.
Anyways I have now exited the building for the moment and put into a couple of other technology plays (WBT/4DS). May look to re-enter here around the mid to low 40’s once everything settles.
all the best to you and the long termers here
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34.5¢ |
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Mkt cap ! $52.21M |
Open | High | Low | Value | Volume |
36.0¢ | 36.0¢ | 33.0¢ | $3.842K | 11.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3200 | 30.5¢ |
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Price($) | Vol. | No. |
---|---|---|
36.5¢ | 10000 | 1 |
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No. | Vol. | Price($) |
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1 | 3200 | 0.305 |
3 | 23263 | 0.300 |
1 | 3572 | 0.280 |
1 | 15000 | 0.275 |
1 | 10000 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 10000 | 1 |
0.370 | 38453 | 1 |
0.380 | 9000 | 1 |
0.390 | 2500 | 1 |
0.395 | 10000 | 1 |
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