I would rather management raise enough just enough to get complete competition #2.
Less dilution, by then we should atleast have a license for Megastar to be in India/China or something.
With Revenue Agreement from an advertising agency SP would be very high.
Raise again in future after we're dong extremely well.
4comps money in one raise is probably doable now that i think of it considering it doesnt cost much to run.
People also need to realise this the cash burn in previous Q, is due to development of app & major ongoing support tech team hired on the launch to make sure every report/complaint/suggestion was dealt with or raised to developers within 1-2hours after submission.
I'll look at how the raise has gone and could potentially re-buy on Tuesday.
Looking very positive, Not always does a CR hurt a companies SP, if theres positive news/cash in bank/possibily a premium paid then this again will hit high 20s easily.
MSM Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
