It's unlikely the company produced an investor update without...

It's unlikely the company produced an investor update without some form of capital raising in mind.

the recently published financials point to a squeeze in the near term.

CRs are typically done on a volume weighted average price over an immediate short recent term.

so its good to see a bounce from around 40 cents/share over the past month or so.

friday's close at 57 cents and trading over the past month suggests a VWAP in any CR would be well in excess of 40 cents.

this would minimise dilution - always a shareholder concern - in the event a CR is announced.