Running out of cash?Just dropping by, long time lurker here from the CPN days, I see that the company has been getting used to announcing oversubscribed private placements these past years, this time looks different? Unless I'm mistaken the latest placement announced No. 29 has not closed?
Seems to me like the punishment on the stock is clear indication to management that this can't go on for another decade of succesive rounds of dilution. I'm no pro at reading financial statements but it sure looks to me like cash will soon run out. Dangerous situation!
Aside from an even more massive round of dilution at a lower price per share, what's the solution?