6c options will probably be around or maybe slightly higher than the IPO price I’m expecting. Will be much needed cash if any are exercised anyway so it’s a good thing.
If IPO is still too far away a rights issue at 4-5 is probably the go. Probably has to be over 4 for the last round of investors to see some growth and participate.
Some of this should be revealed this morning hopefully.
ionic - r and d update, page-90
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