SPX 9.09% 1.0¢ spenda limited

I am a bit confused and seeking some help here. If the cash...

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  1. 497 Posts.
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    I am a bit confused and seeking some help here. If the cash position last qtr was 4.x mill and there was still 2.x mill out there to recall if required. Why Cap raise and create further dilution for 3.9 mill. When first loss on 2 mill is only 225k?

 
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Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $46.03M
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1.1¢ 1.1¢ 1.0¢ $32.09K 2.922M

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1.1¢ 1759381 2
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