prospectus price?

Intersting times for Cougar with a financing deal plus a prospectus both due this week. Would love to see a big finacing deal but can't see much more than a tide over amount to keep the company afloat.

The prospectus to me will be the real interest. The company, due to the recent unfortunate events, is stuck between a rock and a hard place in my opinion. It would like to go to market with a price close to 7 cents as per the latest raising, but the high likelihood of a mass sell-off when it opens will result in zero investor interest unless the price is right. Too low and the SP follows it, too high and they raise nothing.

I understand there has been overwelming support from HC members saying they won't sell, however the reality of 1 billion shares with little reason for people to buy up suggest the SP is going to be smashed on open. Without certainty on Kingaroy it will only take a 5% turn-over for the price to tank.

I'm hoping for more but i'm thinking the raising will be between 2-4 cents. Unfortunate dose of reality from me, hoping someone can provide a better reason for a higher price.