yeah, it just doesn't sound right does it?
What a waste of time raising 400k! I was expecting a raise of 4 million or something! And they must really be struggling letting them in at 2c. Maybe they are trying to lower the worth of the company and keep them low on cash to make a bid for the company, it could be on the cards at these low prices.
Expecting some major changes in the next few weeks or so here, obviously no cash left as they had to get rid of 2 execs and move their offices!
What a shame, this company has so much potential but it is really hard to get finance in this environment.
There is still a feint hope we will get our money back.
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