What a debacle, this goes along with my theory that they are getting low on cash again. Tormin their best asset most likely needs too much money spent on it because of the years on neglect from management.
This seems like a last ditch effort just to survive. I still predict another large capital raise soon and much more dilution.
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- Ann: Tormin update and exclusivity for potential sale
Ann: Tormin update and exclusivity for potential sale, page-14
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