A good question... as the last raise was the IPO at 20cents
This raise being a rights issue of 3 for 5 at 6 cents brings the IPO shareholders dollar cost average if they take their full entitlement up, to 14.75cents, 64% above the current price.
This is where I’d guess you may get a bit of stock or its only the true believers left in which means any positive news flow may see it go way way higher...mmmm...time will tell.
Ann: Placement & Rights Offer to raise approximately $6 million, page-45
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