Painful how quick it has settled into life under 5 cents. Has really done it without a fight. 4.9 cents is the 200 day moving average. I hate seeing stocks below that level. So plenty of technical damage here.
Also worth noting Whiddon & Stein did not take up any shares in the raising at 5.5 cents (they would have had to lodge by now) so they are effectively saying they don't think we are worth that.
We still have a highish market cap of $27 million at 5 cents and 6 long months before the news flow picks up. Yes don't panic, but still dissppointing.
GL
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