It's all guesswork but if I was the company and had to choose, 1. The value is greater(risk-reward) here for shareholders so more natural buy-in. The company and SH's also benefit from a SP level of good stability pre-escrow. After that you might get your "clear skies" scenario and then they could do another raise at a higher position of strength if needed later on.
THC Price at posting:
57.0¢ Sentiment: Hold Disclosure: Held