All those that got in late - maybe as late as yesterday - are feeling nervous and selling today, but nothind has changed.
Company raised a small amount of money. No business can operate without cash, and this money is required for deals and to employ sales people, so not bad imo.
Sophisticated investors were prepared to pay 7 cents for 10 million shares!! The company has 900 million shares so another 10m is no big deal.
I reckon if we got a look at the top 50 shareholders we would see nothing has changed.
Good news on P1 coming soon imo. Don't forget the sp was due to hit 7 cents this morning on expectation that the P1 valuation would be out today.
GCN Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held