The point isn't necessarily that they have money/time before they need to raise more.
The point is whether or not they expect the SP to be higher or lower by the time they need to raise.
Let's say you KNOW you will have to raise money within the next 12 months.
Suppose further (just for arguments sake) that you may not have much good news until then.
And suppose you're looking at a chart which has seen a consistent down trend.
You MIGHT worry that if you don't raise money now, AND you don't have much good news for a few months the SP might be significantly lower later on when you are FORCED to raise money.
That's not a totally far-fetched situation is it? ESPECIALLY in this current climate.
It's NOT as simply as "oh we have money for the moment - nothing to worry about"
The directors MIGHT be thinking "crap - we better raise some now otherwise we'll be raising at a lower price later on"
It wouldn't be the first time it's happened.. Look at GRY
AMX Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
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