There’s nothing wrong with credit raises when a company uses money well and has a great product, like Cu6. The SP sky rocketed after the last one.
A company always raises money well before it runs out. So, the sweet spot here will be any opportune time in H2, imo. Or, early next year at the latest
And, the sp price could be a higher than now when they do. Or, we get sold before hand. Or, we do a deal.
I’m just pointing out that, larger holders, who are still in the black, may prefer to realize the gain and wait for the next CR , where they can re enter or top up with a large parcel in an orderly fashion. Rather than chasing the sp up on market
I’m just trying to make some sense of the continuous sell pressure.
The good thing is that those investors have made handsome profits here so there will be solid competition for shares, when, or if, the next CR happens.
For my part, as a small holder, I’m not playing that game. But will look for opportunities to add to my pile.
CU6 Price at posting:
$3.38 Sentiment: Buy Disclosure: Held
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