It’s anybody’s guess from here.
Maybe we’re seeing people trying to sell shares now to get more at a cheaper price in the capital raise. I would love to see them get bitten on the arse with a fantastic announcement in the meantime, but I doubt it’s going to come. The company could’ve been smarter about the way they did this. They should’ve set an arbitrary price of 8 cents, same as the last raise, like it or leave it. The way it’s structured leaves it open to manipulation and I said that when it was first proposed.
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