I have been following this one for a while and I don't see a capital raise coming - they still seem to have plenty of cash and their cash burn rate it not high. If the WA media releases are correct they will get 500k just for this trial (noting their cash burn was less than that last quarter).
Still watching what this does - could get interesting. WA govt trial is a major vote of confidence IMO.
SM8 Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held