Given they have expanded in over 38 countries and need to increase treatment centers, I think the capital raise is warranted. There is no point sticking to a few treatment centers when it has been approved by regulators in Europe and the United States. Also, revenues have increased in line with new treatment centers. So IMO, now is the time to invest into expanding treatment centres and reaching more people. Also, more insurers are making the treatment deductible, which is usually a good sign.
News: OSL Oncosil Medical Seeks Trading Halt, page-23
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