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clock Created with Sketch. 12/07/22
20:20
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Originally posted by horizon3:
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on the one hand, I think it is good to raise additional $$ now (via the entitlement offer at $0.22) to be able to ride out a potentially more severe stock market crash over the next months/years (where raising cash will be much more complicated and costly). on the other hand, how can they raise that when we trade below these 22c (people could buy cheaper on the market)? Would be good to hear from the company how they plan to cope with a major recession/crash.
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last cap raise we were riding around the 29c mark, so could say the same thing. Then end result was oversubscribed by millions.
