Im no expert but i think PNO will be kept pushed down this month until the cap raising is done and the soph investors get their fill. Then once that is over its blue sky's.
I too am on the notion that right now they really dont need to raise more money? or do they?... 1.9m in the bank and their quarterly expenditure is 350K.. only another 4-5 months remain until they get a nice lump sum from converting options.
It would be such an optimistic move if they raised the cap at 1.3-1.5c .. fantastic for the shareholders as we will see what they really think the company is worth..
keep tight, the ship will move at full speed imo..
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Im no expert but i think PNO will be kept pushed down this month...
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