Share price dropCommon everyone, this should have been totally expected.
The quarterly results showed a cash balance of $390k or something like that which means 1 thing, the company needs to raise money. When they need to raise money, those in the know, sell their shares to buy pp shares with warrants or bonus offerings of some sort or another which causes the share price to drop in the short term.
What I would like to know more than anything else, is who and more importantly WHY did the company loan $2m of the money they raised last year as a note out to someone on a 5% coupon rate. WHY WHY WHY would they do this, was this related to equipment procurement? Check out note 19 of their statements. I would have thought that something this material would have alot more detail in the note.