Just thinking on your dilution concern, say for example/hypothetically EBITDA isn't achieved in 1/4 four and cash runaway requires a CR to get us over the line. What are your thoughts on how this would happen?
Anyone else with a little experience feel free to weigh in too, as I am pretty ignorant on accepted methods for this.
for example, I think VWAP is commonly used to justify the CR share price, but over what time frame I'm unsure on as they would be better to go over a longer period given the current price but then the take up might not happen if its too long a period e.g. if they do a short VWAP period we are looking at a CR price at circa 12.5 - 13 cents, but I have also seen a discount given even to current share prices in the past to encourage take up or allow for the dilution.
In the absence of positive news or if the CR raise isn't for an acquisition or to allow for further contracts/R&D etc. what would be the outlook then?
I'd have to assume if simply to buy us some time to meet ebitda etc. then we'd see further drop?
EVS Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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