No, I never asked to go on that list and you know it.
You wrote:
"This new income stream via the cap raising may bring a few more surprises the company had enough money to continue the trials so why do you think they needed to raise more?"
That is a rhetorical question. Obviously they need cash for Europe and the opportunity was there.
Currently they are expending about $1.08 mill. per month and they had $10 mill. Enough for 9 months. However, it is customory to raise new cash some 3 months before it runs out.
So, even if they hadn't gone to Europe, they would still have to go to the market at the end of Febr.
I have done some preliminary work on another site by assuming they will go ahead with the cash issue (the price is reasonably stable at present).
At some stage we may have an answer as to cash holdings after the next 2 years to start from 1 Jan. 2003.
Gerry
VCR
ventracor limited
