Hey Alpha ...agree and disagree .....you could argue they were prudent only placing 40M when they had shareholder approval to place up to 225M , (again you could argue that they could probably only place 40M given the current market sentiment)......it does buy time ....7-8 months on current cash burn rate.....given we are at the MicroCap end of town their options for raising $$$ and maintaining their strategy of low/no debt...a placement was the lesser of all evils .......the ann. by CUS today tells us that China is obviously a tough nut to crack.....I am comfortable with my position and confident that the team at ICP have laid the groundwork for a strong future....
Lots of action in ATM area currently (Merchant charging, CUS re Fintronics , Lindsay Fox & Cashacard) ....watch this space I guess......DYOR
ICP is obviously not for everyone.....invest with your head ...not over it.
Regards
STL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held