The CR and projected dilution has been an anchor around this company's neck for many months. The constant delays and missed deadlines re the financing deal have only worsened this trend.
The effect has created a negative feedback cycle - holders sell in anticipation of dilution and concern about delays - but the lower SP means the effects of dilution become greater so more people then sell.
Over the extended timeframe of management silence and inaction this trend has gathered more and more momentum
Against the backdrop of cascading impacts the current Poz rally is actually a minor consideration.
HRR Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
