All good news apart from the fact that they have pretty much destroyed any chance those of us that hold existing options to actually be able to even sell now. They are offering 1 option for every 2 shares and at an exercise price of 2 cents in a couple of years.
Personally I’m not at all impressed with management as they have cost a lot of holders a lot of money by this deal.
yes it’s the market and it’s all a gamble but their actions or lack of have killed any chance to even get a pip now.
GLTAH
Ann: Mogul Raises $3.1m in Heavily Oversubscribed Placement, page-8
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