On the surface it looks bad, especially because of the inflated closing price of 2.5c. Realistically though the majority of the funds have gone to sticky hands and only 3 investors who won't be selling, and it's at the same price they issued late last year with no real progress from the company anyway and injecting a massive amount of cash. The EX date is also Thursday so anyone selling before that won't be entitled. Not as bad as what people are thinking IMO.
Ann: Capital Raising and Board Changes, page-10
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