TRL had limited cash until the recent $2,000,000.00 placement (which you don't seem to comprehend). The rights issue has the potential to raise a further $1,500,000.00. There are some 40 million options on issue (exercisable at .05c), some of which May have been exercised prior to EX Date in order to participate in rights issue. With current SP and trend, another $2,000,000.00 likely will flow to company.
I am VERY comfortable with progress achieved by the board and predict a huge future for TRL. A little patience will IMHO be extremely well rewarded.
Miki
TRL Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held