Well said, I think the obvious problem at the moment is the cash position and cash burn. Current holders including myself are cringing at the anticipated dilution from a raise around this price, it's going to hurt. In saying that, it'd be a good opportunity to have a bunch of cash rather than nursing the loss from the recent SP movement, and be in on the raise, power of hindsight. The hail mary is if they can raise at a premium or get a cornerstone investor at a reasonable price, but that's pretty rare / long odds.
I do also have conviction this will be a good long term play, they're gaining traction, can't come quick enough for the suffering longs though.
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Well said, I think the obvious problem at the moment is the cash...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 177886 | 0.100 |
1 | 10000 | 0.098 |
1 | 50000 | 0.097 |
3 | 384600 | 0.095 |
1 | 21505 | 0.093 |
Price($) | Vol. | No. |
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0.110 | 129150 | 2 |
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