Looks like we may see .006 yet once again at this rate
Perhaps a capital raising at .005 may be in the wings- sad if so as dilution to raise a million would be rather large as a percentage
that would work out at 200 million shares or 10% for a mere $1 million in cash
if they were to do it properly they would have to issue a minimum of 500 million shares for $2.5 million bucks which would be over 155 threshold and therefore require shareholder approval....unless they just issue 15% without shareholder approval to an institution whcih based on todays price may have to be at .005c just to attract them - even then its still an unknown quantity
The may have to offer the drilling com[any shares as payment- ROTFL
interesting times
MMM
QPN Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held
