Cygnet engaged to restructure the company and find an acquisition.
This is the advisory behind ISX, FBR, GSC and also involved in 1PG RTO.
After raise has about $1.3m cash. Shares underwent a 20:1 consolidation AFTER the placement. Options have strike at 2,5c in about 2 months time, so that puts a floor under the SP right there! And director taking shares in lieu of cash (!!! now why would he do that I wonder).
I love it when its quiet, page-2
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