IMO there are only 2 reasons why a cr was not done last Q that make any sense.
1. They know revenue is increasing.
2. There is some thing in the wind that makes them believe the sp will be higher for any raise.
I simply find it very very difficult to believe they would let cash get below 1 million with a 650k spend this Q without acting. 1.18 million in cash atm 650k spend is 530K.......either we get a cr or they are confident revenue is going to counter any cr need or CBA are going to take IAM out. Aimo DB
IMO there are only 2 reasons why a cr was not done last Q that...
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