I would add that MPS is a higher value product than the usual surface layer seal. If they don't raise cash in the next couple of months, then it would be a fair bet that they don't need any.
I am however quite skeptical about the recent SP rise. You would think they would only need 2-300K at the most if it is to support actual work won under contract. If that was the case, couldn't they acquire debt supported by the contracted cashflow?
HTI is definitely one to watch in the next few months.
HTI Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held