Looks like mainly a raise to insiders, which in the circumstances is not a bad outcome considering their averages would be far north of here; thereby removing a mass sniper threat at 0.4.
So close to 20% going to the BOD, plus I'm informed it was written on the placement term sheet management (non-BOD) would be participating.
It's strange to see them use the language "comfortably delivers time":
What I'm personally looking for now is on market support for this raise at 0.3; a line in the sand & a change in behavior.
We've seen in the last 2 raises there was little on market support at the raise price.
Whether investors hold their nerve this time remains to be seen, however based on the past 2 weeks, I'm confident JB will deliver another deal (or more) by Christmas.
He just comes across as a leader who walks the talk.
Now who is that whale?
And who's next?
Gltah & Imho
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Open | High | Low | Value | Volume |
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40 | 245961941 | 0.1¢ |
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0.2¢ | 8233321 | 9 |
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0 | 0 | 0.000 |
0 | 0 | 0.000 |
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Price($) | Vol. | No. |
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0.003 | 44161760 | 12 |
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