Hi tony, Your analysis only tells one side of the story of the...

Hi tony,

Your analysis only tells one side of the story of the majesty of MNS capital raising skill.

One might ask: in the interest of "not diluting the hell out of shareholders" why did MNS not raise all the capital it needed when the price was around $1.10?

Would have made a lot more sense for "not diluting the hell out of shareholders" doing a capital raise at 40 cents, or any other price that far away from $1.10 two years ago.

In other words, a capital raising at 40 cents dilutes shareholders about 200% more than doing it at $1.10. Further, any time of the last 2 years of MNS' downtrend it could have raised capital at a better price than right now (but side sitting at 2 year low of 36 cents). So how is MNS timing of capital raises anything to gloat about?