ill go against the grain here and say 50% dilution has been priced in. The numbers have been available for 2 months or so.. didn't take a genius to discount a 100%mc cap raise in order to keep the lights on based on 14M a year in actual burn and only 1 Q of actual liquidity remaining (likely key data point for Dean's 0.5c sale). see how everything comes out in the wash- this may age really poorly, but id take a punt on no movement in SP/ potential for positive movement depending on how strongly the risk of bankruptcy has been avoided. Then again it could just drop another 50% as we get diluted by 100% soi.
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