Ann: Fully Underwritten Institutional Placement, page-81

That would be an interesting egg on face scenario, but a tight timeline to the next drill eliminates that possibility. My outside hope after the T halt headline was a cornerstone holder like a Beach Pet taking a stake..perhaps even at a premium but I guess there's no incentive for management to pursue that angle. Seems obvious this raise was well telegraphed to a selected few which pisses me as a 10+ s/her, that selling was pretty special. I'll be adding to my 2 mill+ shares, can't see this one dealing under or even at 30c....I guess dilution could have been worse, and these projects/this basin has phenominal potential.