Pretty sure an upcoming CR won’t be anywhere near $50-100mil.
Our market cap is only 60mil.
PNV raised 27 mil to accelerate commercialisation and that lasted 5 years.
Id be very surprised if we raised even that amount unless it’s 100% confirmed that we will basically be the gold standard. Even then 50 would be an absolute maximum. Still can’t see that happening.
Way more chance of something in the 15-20 mil range.
IIQ General Discussion, page-215
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