Of course the CR had to come.
Disappointing is that they let the SP drop from 4.2 to 3.7 before they decided to do the CR.
It was around the 4.2 mark for a whole month.
Couldn't they have waited a bit after the latest dump? There was enough good news for the SP to come back again but this CR will gut it all.
So what do we need now for the missing $80million ... 2.29Billion shares at a discounted 3.5c?
I can only hope this is it and accepted as the downpayment for the financing of the $1.3Billion bill, or how else is this going to work?
I can accept that if this seals the financing deal but if this is just for some other bogus then I am going to be REALLY PEEVED OFF!
Ann: Trading Halt, page-143
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