Interesting the capital raising announcement didn't come through today.
Wonder what price they will raise at and how much they intend on raising.
I hold because I believe in the product and its potential to penetrate a huge international market.
Titomic has 4.4m in cash and a burn rate of ~800k/qtr so a cap raise now could mean an upscaling in production or upgrade in facilities. It's optimistic but some are right here, can't keep asking for cash and not turn it into substantial sales. The product is there and available. Seems a bit like they've been raising so that investors can pay wages and fund development. The optimist in me sees: sales and upscaling of production just a matter of when they'll get the breakthrough!
GLTAH & DYOR
Interesting the capital raising announcement didn't come through...
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