So thoughts peeps around the current cash position which given the quarterly burns is not looking real flash in 2-3 quarters what to do one may ask ?
my feeling is the time to raise is now and don’t wait till the cash is very low with no real big revenue foreseeable in the immediate future I’m not sure why they just don’t go for it now ?
Do people think that this issue should be addressed ASAP sure it will be a heavy dilution given more performance shares and a capitulating SP last 12 months but it’s the elephant in the room isn’t it
whats your call raise ASAP or wait maybe they know some big investment is coming who really knows just seems odd to me there has not been a SPP for holders to boost the coffers I would have thought with all the news it would be logical
The lower the SP the lower the raising price no ? If they raised say right now to make it attractive it would have to close to 4s that would obviously be dilutive we all know they will have to raise at some stage
Thoughts it’s getting to the point isn’t it
FBR Price at posting:
5.9¢ Sentiment: Sell Disclosure: Not Held
