If they don't have a funding back up plan, they would be running very low on cash right now given they had 6 weeks of runway remaining 7 weeks ago (clearly they have either got some funding or seriously reduced cash burn or they wouldn't have made it this far). It is never a good idea to run this low on cash, there is nothing to stop holders dumping on market and re-entering on the cap raise at cheaper prices. So it creates a downward spiral as you get closer to needing the cash. Most savvy companies cap raise when least expected (e.g. VMM in tandem with results, MEI recently with the previous quarterly saying they had >4 quarters left).
@Sk1nman any updates on your cap raise predictions now it is at 0.006?
IXR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Not Held
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