I highly doubt that the capital raising is the reason for the deminished price. Based on the numbers from their reports, they will run out of cash in March or April, and given they will receive approval in may or June at latest, they will only have to raise 2 or 3 months cash. That equates to about $2-3 million, or about 3% of the market cap today. They won't have to raise more than this as this will get instant payments in the double digit millions if it gets approval, so they will only have to raise funds to get them to that date. A capital raising of that size is just about not worth mentioning, the price dropped heavily on low volume which suggests most people are happy to hold but some got cold feet, so I'll bet it rebounds to around a dollar by early next year.
QRX Price at posting:
66.5¢ Sentiment: LT Buy Disclosure: Held
