The thing I don't quite understand is why are they seeking a $4m+ in SPP if they are just riding the coat tails of MCT.
Why take a 30% dilution at such low SP? Do they need the funds urgently for something at Kookynie? If not, wouldn't it make more sense to do a small raise until the MCT comes out with news so they can raise at a higher price and therefore less dilution?
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