Correct, and while deals like these provide ready cash they more often then not hold the share price back or restrict any huge movement in the short term. However all of the prior funding issue was done at .015 and above. Either the fund was dumping at a fairly big loss or a big holder was letting go. Maybe it was because it was a big red day or perhaps something else - can be as simple as someone needing the cash, or even a position forced to be closed.
Whatever it is looks slightly overdone IMO. As of today a MC of just 2.5m.
Been in and out of this one a few times this year when it spiked, so grabbed a few today for a punt.
Good luck all.
Correct, and while deals like these provide ready cash they more...
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