Yes small raise only $3mill makes me think its being done to give someone a foot in the door as the co still has close to 4 mill in the bank
Talk is the placement is being cornerstoned by a strategic partner / customer of SMX, so somebody who SMX have done a deal with is buying in, I doubt its Perth mint, doubt its clinnican as they dont have the spare funds as about to ipo, which leaves BASF or Veridos the others theyve signed with seem unlikely.
Fingers crossed its basf market cap of 64 billion euros this should kick
SMX Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held