Capital raise, page-17

Yes, it will be a hard decision for me to make too. I need positive answers to 2 questions.
1. What are our prospects for success in our targeted market? 5 years ago they looked good (and probably were) - how much has changed re competitors?
2. We presently have a mc of $12m. Total capital raised to date exceeds $60m - how much value resides with TIS? e.g. if as much as half of what has been spent is represented by value, then I would argue that our sp is undervalued by as much as 2/3 and a current sp of around 14c would be appropriate.
So, if this line of reasoning makes sense, then shouldn't I be a buyer at 3.5c?

Good luck to all!