Average daily value traded in September is Crica $24k per day,...

Average daily value traded in September is Crica $24k per day, or 1.6mill units. Across 11 trading days that is 273k traded.

The institutionals couldnt dump even if they wanted to.

No one can buy in even if they wanted to - not without sending the share price rocketing - which is what management should have been aiming to do before this raising. No sellers & high demand = BOOM! A good news flow would have achieved that easily. Then raise, then best possible result for everyoone.

If you thought this was going to 10x bag in a few months, imagine giving away a 45% stake woth $45mill, for $4.5mill. It doesn't happen. Then if it does happen - you should be really annoyed at management for this dilution.

For this kind of dilution - they should have made it available to all holders.