Recruiter you may be right initially--there are always profit...

Recruiter you may be right initially--there are always profit takers .

If you go back to the last raising one of the key reasons the market started to move upwards was the perception that the funds secured would cover there development costs to commercialisation

This may be similar after an initial pull back, as investors analyse why the funds are raised--if you are going to win the so called "arms race" and you believe your product can do it, advance development as fast as you reasonably can.

Clearly the Board of WBT believe they have the product and price movement from last raise has given them the opportunity.

There can be views on the level (eg $1.70, $1.80,$1.90 etc),but markets can move very quickly and that last 20 cent movement on Friday just made doing the deal a little easier and leave plenty of demand should price drop down a bit.