I think they'll keep it at a minimum like they stated so not yet for 4.5 bill shares, too much dilution too cheaply.
Much better to convert oppies as they are desperate to do at least it will realise some cash without costs and freebies to soph vultures/brokers.
It should at top of their mind to look at wringing maximum value per dollar spent at this point with say some payments in shares/equity at prevailing price while preserving cash and also devoting more energy to a solution to this Hong Kong delay as a lot of holders like myself is why we're here in the first place.
Reaching the low point this week I hope.
CLY Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held