I'm relieved the CR is at 35 cents, which hopefully ensures the SP won't tank. Did they explain why they are raising as much as $15m when based on the earlier posts the initial cash requirements are not particularly significant and (I thought) could have been met out of existing funds. I presume they have a purpose in mind for the excess of funds raised.
Ann: Investor Market Update Conference Call, page-6
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18.5¢ |
Change
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Mkt cap ! $135.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 774289 | 18.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 561202 | 15 |
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