With only $9m, and falling, in the bank plus frenetic activity, a CR was only a matter of time.
We can wonder at the terms and scale of the raising. Price would likely need to be below immediately recent lows ¬1.20. There have been many recent CRs that have failed, in the sense of trading below the CR price for extended periods afterwards. Price it right and all will be well.
Ash
Ann: Trading Halt, page-3
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