What's got me stumped is that the market is expecting a CR (hence all this selling...)
Why aren't they pulling the trigger now? or upon release of the quarterly?
The longer they're waiting, the lower the 5-day VWAP price & hence the lower the CR price which will lead to more dilution for the same $ raised.
Using a standard 20% discount (standard for micro-caps); They'll be raising at 5.5c at the moment... but given the huge slide, perhaps the SI's in the raising will want more of a discount?
I'm just thinking out aloud - don't get offended by my thoughts, they're not intended to ramp up or down.
CR8 TA Thread, page-480
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