Another capital raising. No surprises there. As I've mentioned previously (at 10 cents), this company is years away from meaningful revenue.
I expect the next capital raising will be at around 2.5cents and everyone will sell it down to this price. Once this cash has been used up the capital raising after that will be even lower.
More dilution. More share price falls.
It's a vicious cycle but that the way it work at this end of town.
All IMO.
Ann: Trading Halt, page-232
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