EGM for Cap raising announced via email, page-5

  1. 14,274 Posts.
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    1. Tranche 20m for 3.8c, 526m shares

    2. if taken up fully, then another 26m at probably 3.8c

    Heights Capital, Heights Capital Management | HCM


    If they act like Lind at CHM and RAD, all over red rover. If they are responsible then it could be all right.

    But it confirms, no deal in the foreseeable future and the risk of the shares getting dumped whenever they want it.

    Not sure why LC is excluded from voting for that agreement, maybe she has coordinated it. That would be similar to RAD where the CEO organised 70m and similar to CHM where the new CEO is in charge of raising as well.

    Time to get back in as funding seems to be secured for a few months.
 
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