Strange to see small traders selling, dont blame them for profit taking but this is likely to hit mid twenties soon imo. This is a trade off, dilution for $10 million. So we now have diluted shares but the companies value is now worth $10 million more, therefore it becomes a question 'would you rather own more of the company? or would you rather the company had an extra $10 million dept free?
17 cents is a great result. Having funds on board is very important as they can and will manipulate the SP to their liking, to some extent. I did say after being asked that I thought a fund would buy into this company, I didnt expect it to be at 17 cents though!
E88 Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held