Its all very odd, the sell off seems to be a top 20 who probably knew this was coming, the insitution raising would have had this information before the market.
I just cant get over how idiotic it is to announce a cap raise, at all time lows, in a bearish market, when tax loss selling is in play, while you have more than a year of cash in bank.
Think about all the investors over the last years who poured in 15 million at 24cents just last year and are 80% down on their investment only to see dilution yet again.
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