You do have to laugh sometimes. Obviously the intent of smaller raisings was to raise at a higher price each time and minimise dilution. Its funny the last 100mil was placed at 0.65c and we thought that was cheap. Those shares have since been dumped. Most in the run that held above 1c and got as high as 1.6c
Now, because we didnt raise more at 0.65c we need another placement and at a lower price. Whats the trend? lower lower lower? Next cr at 0.3c?
The viability of this company is in the balance now. The next few months are telling. We will get $2mil. Alot of that will quickly go on TV ads, radio ads, producing more tubes, salaries and fees to Crossmark.
Come Christmas we will not have a lot left in the bank. So sales are now critical. It was always going to reach this point. The product will be judged. Do we sink or swim?
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