Understand, but surely anyone can realise raising cash at record lows will cost shareholders a lot more than raising at any higher price... like unless the BOD feels the share price will reach a lower tier than today, it should be conserving cash and raising at any future point of price appreciation.
And it's exponentially less dilution also. The only reason to raise, at record lows, is if you absolutely have to. Any other option is a declaration that they feel prices will proceed lower, or that they aren't respecting their fiduciary duty at all... those are the 3 options.. I don't thinnk the former is true with the current cash, thus why I asked about liabilities and litigation, if that money was held by a court for instance, then they couldn't use it and would require money.
CGB Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
