There were barely any buyers at .2c when the CR was announced and they managed to do it at .2c so it's a very good outcome.
As I stated earlier, I was not going to be happy if it was done at .1c given that they are far more advanced and have made significant progress since the last raising at .1c.
So a small raising at .2c is good and am happy that they didn't raise more/take up the oversubscription of applications as I'd much rather they raise more at hopefully higher prices than current.
The CR should now set a floor at .2c.
The quarter is now also over and I am looking forward to the quarterly - it can only get better than the last - the big question is; will it be significantly higher revenue for this quarter as there were no distractions like the last quarter?
I am guessing that this quarter will be much better and that the soph's that participated in the CR would have some idea of where the company is at and what they can expect from their investment as a return.
Cheers.
ESN Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
