Ouch, this one's an absolute shocker.
To the impartial observer I'm sure it makes the recent flurry of news announcements come across as a (poorly executed) attempt to buoy the share price.
Just when you thought the company might be on the right track to potentially turn things around, their answer to seek out non-dilutive funding, is in fact dilutive placement funding - which they describe as, "intended to speed up the Company’s efforts in securing such funding". Wouldn't be surprised if a dismal 4C awaits us.
What are your thoughts @dbk_it and @mad_doggy911 ?
Ann: $1.25 Million Placement, page-5
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