It's all well & good to have a cr that is oversubscribed Tank but there are things to be taken into consideration when discussing the idea of increasing the cr by double the initial proposal .
Firstly the cr is oversubscribed however it remains open for further subscriptions but also withdrawals, only 20 withdrawal as of a month ago. Can't count our chickens before they have hatched.
You also have to consider the likelihood of successfully raising a further $5,000,000
Lastly the company & shareholders have to consider how many shares are already on issue.
But potentially it is/was an option.
Dan.
It's all well & good to have a cr that is oversubscribed Tank...
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