there's still plenty of work that's needs to be done over the next few quarters.
they have lees than $2MM in the bank (excluding PIR shares).
if they can get some funds that will carry them through until the end of 2013 then good on them.
i think you'd be looking at 45cps~48cps raising. current price 52cps.
if they use 15% rule, they could get approx 15MM shares issued @45cps =$6.75MM..
DYOR
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