GGP have $7.6 million in cash and they are in the 2c range.
Also, was it not the need for cash that made the SP drop to 1.9c?
I certainly understand the point that anticipation and/or results can build the SP, but raising for capital can and often does the opposite. As I see it, this is the delicate balance of trading the speccy stock in between these activities.
My real question should have been, what will win first the FP production testing or the need to raise capital. And this is related to 1. FP timeline (there has been no timeline, just told to have patience) & 2. How much cash they are burning through versus how much they have (and we know VIL have little).
Just trying to understand if the capital raising will be in the 1c, 2c, 3c, ... range. Although I would be impressed if they could pull of debt funding.
Anyway, looks like no one knows how much cash Pass will bring to the merger.
thejase128, You mentioned that VIL won't need to do a raising soon, could you elaborate.
Cheers
VIL Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
