SP almost always dips to the CR price in the days following. As mentioned, CR was expected and not necessarily a bad thing, even given the dilution. The additional cash burn was due to marketing campaigns but I think they are winding it back for the moment. I expect they’ll wait for the budget before launching a larger east coast marketing campaign, but nothing too excessive <$750k, which would still leave them in a good position with ~7 quarters of operating capital.
Ann: Trading Halt, page-22
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