$10mio raise to sophisticated, professional and institutional investors. Heavily dilutive to existing shareholders, but inevitable in my opinion given the debt load and convertible notes. I'd hope we get a large cornerstone investor - super fund etc that can see the long term potential of the stock
Solves one of the key handcuffs on the company but at the cost of existing shareholders. Would hope revenue growth starts to pickup post the raise....
GMV Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held