They do placements at 22% ish to the vwap.
It's a bloody concern. Lets hope they are doing a CR to let mates in.
And really, what are they raising for?
They are low on cash. But they arent going to raise $50 mil. to do something meaningful.
The pessimist in me says it will be another $5mil @ 0.08 to keep the lights on.
Ann: Trading Halt, page-12
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