Seem to be taking a long time to work out the price and size of the dilution?
Every $1.5m should buy the employees another year on the payroll judging by the last accounts. I suspect the deeper the discount to the companies potential the larger the dilution will be and the more money raised and I would expect them to try to cover 2 years expenses at least in this environment. So I would expect at least 159m shares to be issued after all the work it has taken to churn trade it down to this level.
Could be an interesting week.
CMC Price at posting:
3.0¢ Sentiment: None Disclosure: Held
