They’ve already conducted a capital raise. Check the announcement from November 5—$3 million in convertible notes. This is essentially the lowest tier of financing, often referred to as a "death spiral" debt.
Worst possible financing around. And probably a good reason why this announcment and future ones will likely not do a thing to the share price.
PIL Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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