Wow, cap raise. What a surprise. Got a bit of heat for calling that out but the numbers didn’t lie - there was simply not enough cash to fund working capital for two phones coming into Christmas.
At least whoever is the broker on it was ramping the stock last week - classic move, which is actually good for shareholders as it avoids a really low raise.
Interested in the significant customer bit and the detail on the amount and price of the CR. At least we remove balance sheet risk.
MWR Price at posting:
14.0¢ Sentiment: None Disclosure: Held
