There isn't going to be a 13M raise! This Purchase Plan has to be written this way, to show what the maximum raise would be if all was accepted.
Management has made it clear in both documents that only $1m will be raised.
There is no way that they are going to 'change their mind'!
It comes down to being credible - and they have shown this so far in my view.
I also don't think they need to change timing of any announcement.
When a positive announcement comes out the share price will reflect this new offer. If this is 50c next week, then people can still ask for $3-5k at 0.23c (won't get any more with scale back) - no one loses. Company still gets the $1m.
MTC Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
