I don't blame you. There is NO question they will raise capital and SH's will be further diluted. Now that may be for good EPS accretive acquisitions too, but they will. They have to, because what they have won't magically increase sales volume 10 times needed to be viable.
And one thing we know is that a share price will always drag back to the CR price. Almost always does, always will.
So you have to hope the SP rises before then, and with those numbers there is nothing until at least end of April for that to rise, hoping CNY was a gun for them. There is nothing to give this stock momentum until then. And by then they will be likely to tap the market
I can see why this is a watchlist stock. I'm interested at a price. But thats maybe 12 cents. Actually 8.8 cents maybe. The stupid rise in share price was either idiot's buying on "China" thinking this was Wattle Health Mk II" or a Bubs IFM play. Or, a pump and dump by proxy. I err on it being the latter
AU8 Price at posting:
33.0¢ Sentiment: Sell Disclosure: Not Held