We had 2 cap raises in 3 months, so I wouldn't be too confident there won't be one in march at this rate. Also, buying at 41 cents, you're buying at a premium to the price at 48cents undiluted.
They've issued 140 million new shares, adding to an existing 580 million (excluding rights/options), but the discount is only 16% from last close.
Hardly a buy worthy time.
I'll wait for these guys to prove they can actually do what they say, because they've failed us a few too many times.
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We had 2 cap raises in 3 months, so I wouldn't be too confident...
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