Basically, no revenue = cash burn. Brokers know they need cash so will do a raising. Why buy on market now for 7 taking it to 20, when wait a few months take the placement at 5c and get a 3% commission
Another tech stock shoudln't have listed wasn't proven didn't have revenue growth that mattered
Calling $500 sales to $3000 600% sales growth is what plenty of companies do. Heck, go see IODM if you want a laugh at that trick
These guys simply aren't pulling viable revenues yet
TNT Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held