This company doesn't seem much different than many of the other penny stocks- and they are all penny for a reason. This one is cash-strapped, and therefore needs the raising to work, but it also has a suite of projects and assets that many other pennies don't have. LaJolla doesn't help and they WILL "earn" their money by selling.
There is a poster called Grebmoolb who has some fantastic ideas about what this company could do. Check out his posts on the UXA threads.
And anyone who has been in this share for longer than 5 minutes is probably feeling pretty sore on this company right now- right so, I should think. For penny opportunists, it has potential (and let's hope it's the bottom).
Sorry you had losses, ssja1. If in doubt, but you are tempted to buy, put your bid in way down low and see what happens.
UXA Price at posting:
0.6¢ Sentiment: None Disclosure: Held