I think they need to raise capital for working cap purposes as they don't want to sail too close to the wind and end up with cash flow problems. I've spoken with the CEO previously and he says they raise a little at a time as they need it, rather than going in for big raises to last a long way out.
However, it gets interesting if they raise a larger amount to increase their production capacity, that will indicate a great level of confidence by the board of the sales pipeline turning into actual contracts.
Ann: Trading Halt, page-21
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Mkt cap ! $1.311B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.74 | $1.63 | $19.21M | 11.29M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | $1.72 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 49024 | 2 |
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