Call me an optimist, but I see some good outcomes from the CR. Look at the facts
1) it was hugely oversubscribed which is a confidence booster for me
2) the CR raised almost 16 mil which provides capital for expansion and most importantly marketing internationally
3) the CR was backed by Chinese distributor Brilite Nutritionals who now have a stake in the success of the expansion in China (maybe they know something we don't?)
Revenues were up 25% in the second half of last year compared to the first. Growth. It's a baby company, the fundamentals look good and they are raising capital to expand. Charts also showing an oversold condition. Have patience.
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Call me an optimist, but I see some good outcomes from the CR....
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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12.5¢ | 1961722 | 24 |
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2 | 74235 | 0.120 |
49 | 2298752 | 0.115 |
44 | 1422467 | 0.110 |
15 | 334770 | 0.105 |
37 | 1137828 | 0.100 |
Price($) | Vol. | No. |
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0.125 | 1961722 | 24 |
0.130 | 2137027 | 44 |
0.135 | 454203 | 20 |
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