The only way this company will end up making it is if it can find rubbies. If they can not, then eventually the money will runout. On my estimates, they need to raise $1M before xmas. They spend $300K per month, so at some stage, there will need to be more cash in the till.
Stock price is 2.9 cents, they would need to raise at 2.5 cents or less to get any interest.
At 2.5 cents that would be another 40 million shares.
That will take it to 365M shares.
This will increase as the continue to raise money.
Until the can realise revenue from bulk sampling, MUS could be drifting lower.
My other thoughts were at what level would GEM come in and takeover the company?
If it went sub 2 cents, that would have to be on the cards.
MUS Price at posting:
2.9¢ Sentiment: Hold Disclosure: Not Held
