roosterman2000,
If you're so confident the share price will be .50c in a few weeks time then why doesn't management wait a few weeks and raise at .40c then????
It's all relevant!
The point is there was no need to raise at .09c . It's a low ball raise and it's so obvious to any one who has been involved in investing. Whilst i applaud management on their progress to date and the quality of their contacts and potential pipeline of deals in progress they get an epic fail on this raising. I'm invested here because i believe in the potential of this Company moving forward. Smart management would have raised a smaller amount now around 12.5c, then raised a much larger amount down the track at a much higher figure like you suggested around .50c. You will care about dilution when it comes to comparing MC with other companies to give this Company a fair valuation.
Add to My Watchlist
What is My Watchlist?
