Your assumption is that the Board treats all shareholders fairly, but that is rarely the case with small caps. A CR done as a placement to mates and the broker's network at low 2's makes absolute sense to them. Then make the announcement and let them flip for 50% profit. That's how it works at this end of the market.
Ann: Quarterly Activities and Cashflow Report, page-124
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Mkt cap ! $6.444M | |||
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