Given that there is a Capital raising on the table, it would be unrealistic to expect that will not be some form of dilution. No-one is going to put up $9.9m without getting some form of security which in all probability, is paper.
Look at the positives and the cash reserve they will move forward with; there is also a high probability that it will be attracting the big boys into the spotlight shortly, which can only be good for the long termers....at last!
Strong support again in Frankfurt overnight with the $0.20 well covered.
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