way I see it when management last raised if they raised 10 million we all would of said it was excessive, considering we where only about 40 million MC and lots and lots of steady news flow on the horizon many of us thought we were on our way to well over a dollar
they would of thought the last raising at 50 would of put a floor in the SP AND took a punt thinking next raise would be higher and thought worst case we may have to raise at 50 again worst case...
things haven't gone to plan but it's not there fault there's been little reaction to the great news they have been putting out a major market correction and also AVL sell off took us down with it
we now will be cashed up to finish our DFS, then the cash burn will slow right down until we find a partner.. the next few months are gonna be key
the market clearly new we needed cash that's why Avl had a bounce and we never did..
let's see how we go Monday
TMT Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
