Thanks 28Joker great to hear and I think it can answer what Theworst911 is (rightfully) concerned about.
I genuinely think that Dom has been under pressure, very likely from institutions who want to get on board, including the new cornerstone investor, and probably before the next QR, but, wouldn't until he did something ASAP about that bleeding debt issue.
Dom HATES dilution with a vengeance (don't forget that he is one of the biggest losers in equity every time there is a CR-and is "forced" to tip in more of his own dough to reduce that loss), but, it appears that the temptation to get these new (important!!) shareholders on to the Registry were too compelling not to do that CR. I'll give him that one.
It's only for $5.4 million, so, it's seems clear to me that it was focused specifically on reducing that debt and getting those new shareholders on board. If what 28 Joker says actually transpires IMO you will see a total re-rating of CM8 and a huge smile on the faces of those new shareholders!!!!!
I'm off on my morning jog along the deserted beach and working to keep that heart rate at 54pm (I'm well into my 70s), followed by some gentle reading of Matthew Riley, John Grisham and Ace Atkins accompanied by a nice red later in the day. Bliss.
CM8 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held