Ann: Trading Halt, page-6

Very strange after the recent placement with WGX.
The last quarterly shows nearly $4 million in the bank, so this is a shock to say the least. Burn has been about $1 million a quarter. Now I understand the rapid buying yesterday with the rapid selling where people knew it was coming and the broker was trying to prop the SP.
Interesting times, as you say, lets hope it is another insider type raise where people are getting set for bigger announcements, rather than dusters which will cause a drop in the SP. I would be surprised they would seek to rise cash with a duster though, not a good look for the clients of whoever is doing the placement
Also be interesting to see if the placement is to another company like the WGX placement or if it is to sophisticated. Then of course a big question would remain around who the sophisticated actually are.
We await the announcement.